I generally agree except for "the court of public opinion" part. It seems abundantly clear to me that Matt has damaged his name beyond repair.
As I see it, the only way for WordPress to survive is if Matt steps down from the board, and the foundation & dot org mess is reorganized in a manner that makes it accountable to the community. Even then, a lot of damage has been done to the reputation of WordPress.
I won't be surprised if we eventually start seeing mainstream reporting on this case from the WSJ and NYT. Luckily, it's an election cycle so that might not happen for a while.