I think the law made it really easy for Google to make that case. I don't think the RIAA has legal standing here under DMCA.
Google isn't making that case because Youtube is YOUtube. The whole point is that it's a platform for family videos, amateurs, and all sorts of other things.
If the RIAA didn't want their content Youtube-dl'able, they should have used one of their locked-down platforms. They went to Youtube because the locked-down corporate platforms don't have the eyeballs. Now, they're trying to convert Youtube into one of those platforms.
My expectation is the RIAA will prevail, but because of deeper pockets and the potential for a multi-million dollar legal battle, not because they're on solid legal ground.