> I don't understand why I (or any Open Source contributor) would spend time supporting a product like this.
You might if it scratches your itch, you might not if it doesn't. Here is how I hope people engage with licenses like the FSL: when they start a business rather than going all closed source, they evaluate a license like the FSL. I think it's longer term a superior choice because it protects your business but also longer term ensures that what you create becomes a public good if you step away from it.
On the range of Open Source - Fair Source - Shared Source - Closed Source I would argue that Fair Source is a pretty decent compromise. Not for everybody, but I hope for a lot of folks out there.