If this turns out to be true then 'it' has begun, you know?
"Yay! Microsoft listened to us and reversed their policies!"
Slowly but surely we'll get cheaper Xbox One's without disc drives.. DRM will return.. semi-mandatory Kinect a year or so down the line.
2016 comes around and the Xbox One is as it was announced back at the reveal.. and a lot of the hardcore haters of the policies will have been blindsided so hard that they won't even notice until it's too late.
But on topic. No they won't have been ripped off. They paid $500 for a device that was, for the most part, worth $500. I can, however, see at least one person suing for a refund.