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Question is, what exactly constitutes as "see" in their wait-and-see approach? By the time you realize anything nefarious, it's already too late.
I still stand by what I said yesterday about how Lemmy.world's stance is a lot better than Mastodon.social's stance. However, it's kind of a "at least they're not blatantly singing the praises of Meta joining the Fediverse," which is not a terribly high bar to clear. Also, that at the very least they paid a lip service to "defederation when needed."
But when it really counts? I am not terribly sure Lemmy.world will actually do anything (hence, me tacking that 'if ever" part in the end). And as you've rightfully pointed out--even if they do something, it might already be too late.