Legally, sure. That's pretty binary.
But if you claim they have the moral right to do so you need to elaborate on that. Since they had a "social contract" with the community (people who submitted PR's, advocated for Redis, etc.) which a single side has now altered. I don't see how one can do that an claim to be in their moral rights to do so.
We've altered the deal, pray we don't alter it any further...