Given the original maintainer's attitude toward copyright, I wouldn't be surprised if he just took the changes anyway, thus putting us back in the same situation we're in now, where only a DMCA takedown will stop him.
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He may do that, but users will use the free version.
Since it is free software, many user-friendly changes are possible that tend to conflict with commercial interests. (Indeed, someone already made a post about the author's privacy policy changes, making the commercial software less valuable with zero lines of code.)
While the author may make a few bucks, that kind of thing will not pass any due diligence, so his success may be quite limited.