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Yes, a future legislature could repeal the law. And? The law would still prevent revocation of the licenses as long as the law was in effect, which would be the point.

Anyway. We still don't know exactly what's happening here, we've got partial reports based on leaks, plus various statements from lawyers. However, if we assume that WotC/Hasbro really and truly intends to try to revoke the OGL 1.0a with regard to already-released material in the case of...

Hasbro "bought the game" in September 1999, predating the release of any version of the OGL or SRD.

Aasimar 9 Dragonborn, Gem 10 Dwarf, Hill 15 Elf, Wood 16 Genasi, Earth 5 Gnome, Forest 6 Half-Elf 16 Half-Orc 14 Halfling, Lightfoot 12 Hobgoblin 10 Kobold 7 Lizardfolk 13

Okay, from the OGL FAQ, as published on the WotC site on February 9, 2001: Q: Does this mean that someone could take Open Game Content I wrote and distributed for free, and then put it in a product and sell that product to someone else? A: Yes. Q: To be clear...

Aasimar 12 Dragonborn, Gem 13 Dwarf, Hill 16 Dwarf, Mountain 10 Elf, Wood 15 Genasi, Earth 10 Gith, Githzerai 9 Gnome, Forest 9 Half-Elf 15 Half-Orc 15 Halfling, Lightfoot 11 Hobgoblin 12 Kobold 12 Lizardfolk 11 Satyr 11

I'd be a lot more worried about this if we didn't have Wayback Machine archives of WotC's OGL FAQs, both 1.0 and 2.0. As appeared in both versions of the FAQ: I believe the relevant legal term of art is "reasonable reliance".

Aasimar 13 Dragonborn, Gem 11 Dwarf, Hill 14 Dwarf, Mountain 14 Elf, Wood 13 Genasi, Earth 10 Genasi, Water 8 Gith, Githyanki 5 Gith, Githzerai 12 Gnome, Forest 14 Goblin 5 Half-Elf 15 Half-Orc 16 Halfling, Lightfoot 10 Hobgoblin 10 Kobold 16 Lizardfolk 12 Minotaur 10 Satyr 14 Shifter, Longtooth 2

Aasimar 14 Dragonborn, Gem 13 Dwarf, Hill 14 Dwarf, Mountain 16 Elf, Wood 13 Genasi, Air 4 Genasi, Earth 10 Genasi, Fire 7 Genasi, Water 12 Gith, Githyanki 10 Gith, Githzerai 12 Gnome, Forest 14 Goblin 6 Half-Elf 14 Half-Orc 15 Halfling, Lightfoot 13 Hobgoblin 12 Kobold 15 Lizardfolk 11 Minotaur...

The biggest problem with your interpretation here is that the standard legal rule that contracts should not be interpreted in a way that renders any of the provisions superfluous or meaningless. The sentence immediately prior to the one you're hanging your interpretation on says "No terms may be...

Aasimar 14 Dragonborn, Gem 14 Dwarf, Hill 14 Dwarf, Mountain 14 Elf, Wood 14 Genasi, Air 8 Genasi, Earth 10 Genasi, Fire 10 Genasi, Water 12 Gith, Githyanki 12 Gith, Githzerai 14 Gnome, Forest 15 Gnome, Rock 2 Goblin 8 Half-Elf 14 Half-Orc 14 Halfling, Lightfoot 17 Hobgoblin 12 Kobold 14...

Aasimar 12 Dragonborn, Chromatic 6 Dragonborn, Gem 10 Dwarf, Hill 12 Dwarf, Mountain 16 Elf, Wood 12 Genasi, Air 10 Genasi, Earth 10 Genasi, Fire 10 Genasi, Water 12 Gith, Githyanki 13 Gith, Githzerai 13 Gnome, Forest 13 Gnome, Rock 7 Goblin 11 Half-Elf 14 Half-Elf, Mark of Storm 2 Half-Orc 15...

Aasimar 13 Dragonborn, Chromatic 7 Dragonborn, Gem 9 Dwarf, Duergar 4 Dwarf, Hill 11 Dwarf, Mountain 17 Elf, Wood 14 Genasi, Air 10 Genasi, Earth 10 Genasi, Fire 11 Genasi, Water 12 Gith, Githyanki 13 Gith, Githzerai 13 Gnome, Forest 13 Gnome, Rock 8 Goblin 9 Half-Elf 14 Half-Elf, Mark of Storm...

AD&D 1e - Cleric. AD&D 2e - Cleric. D&D 3e - Cleric. D&D 3.5 - Cleric. Pathfinder 1e - Cleric. D&D 5e - Cleric. Hmm. It might be that I just like the combination of good armor, decent hit points, good ability to hit things, maaaagic, and a high concept to anchor my roleplaying on. On the...

Aasimar 11 Dragonborn, Chromatic 10 Dragonborn, Gem 9 Dwarf, Duergar 10 Dwarf, Hill 11 Dwarf, Mountain 15 Elf, Wood 13 Genasi, Air 10 Genasi, Earth 10 Genasi, Fire 11 Genasi, Water 11 Gith, Githyanki 13 Gith, Githzerai 12 Gnome, Forest 13 Gnome, Mark of Scribing 10 Gnome, Rock 7 Goblin 13...

I mean, there might not be any carrots in reality. But sticking to the hypothetical scenario where I'm running this for WotC (as a hypothetical employee under the limits that are pretty much listed under the stuff that was posted to D&D Beyond), I'd be sure to toss in a few. After all...

Aasimar 12 Dragonborn, Chromatic 9 Dragonborn, Gem 12 Dwarf, Duergar 12 Dwarf, Hill 9 Dwarf, Mark of Warding 3 Dwarf, Mountain 15 Elf, High 2 Elf, Wood 13 Genasi, Air 10 Genasi, Earth 10 Genasi, Fire 11 Genasi, Water 10 Gith, Githyanki 12 Gith, Githzerai 12 Gnome, Forest 15 Gnome, Mark of...

Well, the way I'd do it, hypothetically, wouldn't be particularly bait-and-switch-like; the "New Classification Content" would for all practical purposes be "Open Game Content for the OGL 1.1, but with a different label to stop people from arguing they can backport it to OGL 1.0a under that...

Aasimar 13 Dragonborn, Chromatic 11 Dragonborn, Gem 11 Dwarf, Duergar 12 Dwarf, Hill 9 Dwarf, Mark of Warding 5 Dwarf, Mountain 13 Elf, High 4 Elf, Wood 12 Genasi, Air 10 Genasi, Earth 10 Genasi, Fire 11 Genasi, Water 10 Gith, Githyanki 12 Gith, Githzerai 12 Gnome, Forest 13 Gnome, Mark of...

My point to you, here, would be to ask you why do you currently think anything in the One D&D SRD would be designated "Open Game Content"? The post on D&D Beyond does not, at any point, mention "Open Game Content". It mentions the OGL, and says there'll be an SRD. We know SRDs can be released...