It could be that I discuss in odd circles, but the distinction between the two seems pretty commonly raised in my experience. Common to the extent that arguing over which side of the dividing line a particular sale falls is
the key question often debated. The "con" side will argue that a given sale is not only a sale in the literal sense, but
selling out in the more ethical sense of failing to do right by one's fans/customers/whatever, letting the cash being dangled lure you into doing something you wouldn't normally do. For example, when CDDB "sold out" to Gracenote, which took it proprietary, the problem wasn't just that CDDB sold at all, but that the trustees of a community project sold out their community's trust for a cash payment.
The "pro" side will typically argue that a given sale is just changing ownership structure but not fundamentally auctioning off their values/trust/etc.