Disney doesn't need to satisfy keyholders now, they just need people to feel less frustration at the end right before they renew. There's studies where doctors were told to leave devices inside colonoscopy patients longer than necessary. Patients who experienced this discomfort from a longer procedure said they experienced less pain and were more likely to do the procedure again compared to patients who just had normal procedures. Psychologically, the end will distort the memory of the pain experienced during the worst parts.
As I said, I think it will calm down after the holidays, but if things go sideways again at Easter or 4th of July, when renewals will be right around the corner, opinions may swing back into the negative. If, after Easter and into July when school is out and spring and summer breaks kick in and traditional DL crowds increase, if you have Dream Key holders back complaining that they can't get reservations, then the issue will be a more immediate one for Disney, as a massive number of Key Holders will be hitting renewal 6 weeks after the 4th. You will have the same number of passes issued then as now, and while the holidays are absolutely the busiest time of the year, by spring and summer you will have the influx of foreign visitors and the return of out of state guests (which are still far below pre-pandemic levels). By most observations, the Park is operating at or closer to regular capacity right now, even in the absence of many foreign and out of state guests.
As for Disney being "smart" about dropping the Keys, that's like saying its smart to take your hand out from under the scalding tap water. Also, they haven't "dropped" anything. They stopped selling the Dream key, but there are already thousands of active, newly minted Key Holders who recently bought in, didn't have the past 60 days to lock in their 6 reservations, and are looking at completely sold out dates from now until Christmas. They are also still selling all of the other tiers. The best any Disney apologists can muster is "Well, if you look every day, starting at 3 am and checking every 30 minutes for the next 6 hours, Disney will "often" add reservation capacity and you can get a spot". Exactly what you want to do after dumping $1,400 on an annual pass.
From what I am hearing and seeing in Facebook groups, in Blog Posts and
YouTube videos, people are most definitely NOT interpreting this as Disney valorously identifying a problem and proactively solving it. People are seeing the move by Disney and ascribing it to a failure on the Mouse, plain and simple.
People are most definitely saying "Doctor, you left something up my ***. It hurts, and you'd better take it out. Now".