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Nearly agree with everything you said.
But maybe Reddit is okay with a few 3rd party apps surviving if it means they can charge such a ridiculous premium on API requests. Perhaps they didn't think any dev would be crazy enough to take them up on their offer. But at that point, they're raking in so much money that they might not care those users are on a 3rd party app.
That's a fair point. If Relay and co hang on to a few thousand users and pay a cost per month 5x what it's worth to reddit to have those users on its app, your right reddit might be like fuck it this works for us. At the end of the day, whatever is most profitable to reddit. For the most part, that means using the official reddit app so reddit can track you. But if some dumb devs are willing to pay more than Reddit would get from direct data harvesting, let them go. No, I think your right.
I think a few apps is key though, they want the majority of their users locked in.