1 year later: "When you told me about your side-project, you didn't tell me it was going to be successful. Thus, I must change my mind and sue you."
However, in that case, a legal fight may be somewhat tenable (though it always sucks for everyone (except lawyers)). If you got them to sign a document releasing the project, you'll be able to win that much more easily.
If you can get the signature without too much hassle, it's worth it. If you can't, it's not worth ever mentioning it, IMO.