Question: People who still frequent Reddit, has it gone back to business as usual or are the protests still having effect?

Truthfully, nothing changed from my perspective. I mostly use some sports subs, a couple of technical subs, and book subs and they've fully gone back to how they were and seem as active as they were. Many mods in those subs received backlash after re-opening for even protesting at all, since many users didn't know or care about the issue to begin with.