Yes, exactly my thoughts.
In response to Ee Durbin’s claim that this is to “formalize protections for maintainers” - the paragraph in fact seems to strip maintainers (as well as users) of any and all protections.
Comparing this to the current status quo, where protections arise not necessarily through the T&C, but the lack of the “reserves right to terminate for any cause” paragraph and baseline legal protections in applicable jurisdictions.