Whew, this is the best take posted so far.
I have to say as a fellow dev I'm appreciating the points in bold - too many people are missing this and screwing themselves over by panicking. Be alarmed, don't be chaotic and panicked. Calm and rational is when you make the best decisions.
Here's hoping itch releases their guidelines sooner rather than later - and that the community shows what they can with reasonable measures such as mailing the companies pushing this.
Viewing post in The current Itch situation comments
I think people want to be mad and don't care why they are. Hell, people are getting worried about lgbtq and queerness in general is gonna be treated, and while that is a valid concern, it is completely irrelevant as "The content in question likely includes incest, r*pe and other legally questionable content" Not anything about fellow gays. people just want to panic and riot since the world is shit and if something is a threat then it's "going to be worse eventually" and it might, but if people stopped panicking and had a clearer mind, they could find a solution instead of whining about it. Also it's not about itch being a bitch, it's about these companies wanting a monopoly on people's lives.
edit: it says in the itch.io post that the guidelines are from the payment processers linked to the account (if your money goes through one of these processers, you have to follow the processers rules to ensure you are getting monetized) and itch has nothing to do with those. Itch is trying to keep people making money without trying to piss off the people who enforces the rules, even if this includes free games. Itch has people and families, steam has people, those companies enforcing this never had people.