Around here none of the EDH game nights are sanctioned, so it doesn't really matter if it's CE/IE or just printer paper slips in sleeves.
If nobody complains then there are no complaints and the game gets played.
The global mood is people want to play games, you'll find yourself unwelcome to most if you try and gatekeep another player for not having an "official" card in their prize-less game night
For the record, this is what became of the last major attempt at this: https://old.reddit.com/r/mtgEternal/
SaffronOlive put his weight behind it, they got organized and generated twitter chatter, the main Magic subreddit advertised it at the top of the forum for an extended period of time.
Died off pretty quickly. What's left of that subreddit should give you some idea of the timeline. If you really want to play a Legacy-like format without the reserve list issue, there are probably some better existing options.
Wizards doenst care about the players and the players shouldnt care about the shareholders and just play with proxies.
Its also incorrect that WotC doesnt profit from legacy as his own statistics show. 90+% is new cards, a big chunk probably less than 7yrs old.
Got tired of Legacy and you like drafts? Try my Paupercube What?
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