If members are disgruntled, you can fork. That's happened before when there was disagreement about what to do with HTML, and it led to the creation of the WHATWG.
By and large, members this time are supportive. Not all, mind you, but all the large players.
(For those who don't know, Widevine, the DRM scheme that is currently best known as compatible with EME, and which taints my Firefox browser so I can watch movies, is owned by Google.) http://www.widevine.com
(Sidebar to the sidebar: Widevine has the least Googley website you've ever seen. Stock photos of a physical padlock, HTML code entirely based on table tags for layout. It's so strange.)
As advocates,I'm sad to see them do this. I will still donate to them, but it's unfortunate to see them quit. This means they will no longer have a seat at the table for future discussions.
They still do enough good to be worth donating to, but this was not a very good choice on their part.