I think the thing that hurts a lot of folks is the one thing they wanted to do with Redis is use a managed version of it in AWS. And now they can't. We're trying to figure out our migration path right now and it's almost surely going to be Valkey.
Large vendors were never going to pay up and so it's all loss for everyone involved. I have to do work, every project that works with Redis has to do work to support Valkey now, the eventual divergence will force people to pick a side which will probably also be Valkey for everything other than the client libraries Redis Labs personally develops. It's a mess.
Open core proprietary add-one for new fancy AI features could have avoided the split and gotten you in the door with big cloud vendors willing to sell your add-on in the marketplace with revenue sharing. They did it with Bedrock and Anthropic is making bank off it.