It is a sad day. To me this looks like they were trying to protect their spots as Top Witnesses more than actually trying to do the best thing for steem. In my opinion to prove they actually believe this is best for steem every one of the Top 20 Witnesses that voted for this should step down indefinitely because from where I am sitting it looks like they are just fighting to remain in power.
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The thought that their motives were fuelled by self-preservation had crossed my mind. In defence against that I understand there was a pile of them outwith the top twenty also in on the discussions. Then again, maybe the ones outwith the top twenty were vying for approval and playing the long game with an eye on the top 20 prize!