One thing that this article doesn't mention is that Mountain View is soul-crushingly boring. It would be one thing if it was a place of character and interest that was being eroded (I can sympathize with some elements of the SF community on that front), but it is not and it never was. It's a boring suburb with no identifiable features. Palo Alto, Los Gatos and Santa Cruz and other towns have something to them. I don't understand what the "residentialists" are trying to protect.
I'd love to live nearer the Googleplex, but I wouldn't move into Mountain View.
Disclaimer: I work for Google, but I had this opinion of MTV far before joining them, and I have no voting rights in MTV politics. I live in Santa Cruz and much prefer it.