Absolutely. I do understand continuing the protesting after the first of the month, and I commend the participating moderators for their efforts. However building a new community and leaving Reddit behind is really the only feasible solution that impacts their site in the long run. Eventually those protesting moderators are going to either capitulate, or lose their positions. Reddit is not going to change this. They've dug in.
I've lurked on Reddit since the blackout, but I haven't participated. My comments are deleted and today is the last day I go there to browse (fitting as today is my cake day....RIP 11 years of Reddit). After the first of the month I'm going to see if any of my comments are restored, delete them and/or replace them with gibberish or corny quip, and then delete my account.