That's interesting. From that perspective, one could view this as primarily a discontinuation of the aging Victory Platforms. There were likely new Victory bikes in the works and if those just become Indians, we may not have lost much.
I think the key will be how they see the future of Indian. If they intend to keep styling and technology as 'traditional' as possible in Harley's mold, then this is pretty depressing. If they're simply moving the electric bikes and other new bikes over so they'll be called Indians and the type of bikes Indian makes won't be limited, this could be primarily an administrative detail (and discontinuation of the Victory cruisers and baggers).