A couple of people have brought up the idea that Wizards won't risk altering the RL list because there isn't enough incentive, because these players are such a minority. But I don't exactly agree with that. They already have way to completely remove the barrier to entry without intervening with the RL policy at all, which is to simply ban all RL cards in all formats. This in no way violates the policy, but it would have the same effect, financially, people would quit magic outright and stopping buying packs and cards altogether. Also, if such a majority of the money (players, collectors, investors) were from people that want to abolish the RL, then WOTC would, because they would make more money than they would lose from the litigation and the loss of faith, but there's clearly enough money from people that want to maintain the RL.
This is also what I meant by the litigation isn't the most pressing issue, if it were, then the above solution would be fine, but it's not. If WOTC abolished the RL, there would be litigation, but what I'm suggesting by the loss of faith is that even if the lawsuit couldn't happen (like with banning all RL cards, rather than reprinting them) or if the lawsuit happened and WOTC won, the consequences would still be pretty much the same. People would quit, investors would leave, and WOTC would lose a lot of money. I'm saying the market is a bigger factor in addition to the litigation.
As for the stock split, I agree that some people would hoard their old lotuses, but people do sell them regularly, albeit at a very high price tag. So, while some people would hoard them, others wouldn't. It's not about charity, it's about making money without losing the ability to play Lotus in an sanctioned tournament, which is the obvious demand for it. If it weren't, even though there are only 2 sanctioned tournaments a year, the price tag wouldn't be so high.
Furthermore, if they did the stock split, a lot of people just want to the lotus as a way of entering the format, so they could buy an old lotus for $3k, then immediately trade it in, keep one, and sell the rest, which is exactly what I would do. People wouldn't suddenly stop selling lotuses, because there's a trade-in for them, and if no one traded them in, then there would be no change at all. Again, this is something that happens all the time in the stock market, worth a lot more money. Why does it work there, but not here? Old shares are worth X times more than new shares. Any fluctuation in that exchange rate, causes arbitrage, which is then naturally corrected by the market.