It looks like they only announced it yesterday... and yes have already rolled it back?
But for... "Now makes vague pledge to shove inactive repos into slow object storage."
Not sure what that means. If the project isn't still available at the web and git URL it always was, that's a problem for open source.
https://www.theregister.com/2022/08/05/gitlab_reverses_delet...
It's kind of shocking to me that they didn't realize how it would upset people, makes me think they are a bit disconnected.
OK, here's the HN thread: https://news.ycombinator.com/item?id=32350180