He also outlines how he cannot; and will not...stop anyone from forking this software and basically removing the payment bits of the code and just redistributing it under a different name. I strongly recommend someone does that...and maybe license that work under a much more unrestrictive free license that FLOSS-Only users might find more palatable.

This is incorrect. You cannot fork this project. You CAN, however, modify it for your own personal use. You cannot distribute it. Redistribution is specifically what he wants to avoid happening, and that's why the license is what it is.