I really don’t see the what the fuss is in this thread. The source does make it seem a bit nefarious, but even so, it appears the changes in VLC amount to adding support for a streaming format and adding a channel listing of some sort.
FAST is simply a streaming format. Whether to run ads is an individual decision of each channel.
If I can have a streaming client that can play certain streams versus one that can’t, I’ll obviously pick the former. (Unless they employ a DRM scheme which does weird things to my devices but it doesn’t appear that’s part of the discussion here.)