When doing 4k@120fps 4:4:4 chroma you might have to deal with longer handshakes and sometimes even no handshake at all. Or random dropouts. Or HDR not activating properly.
The HDMI Forum apparently forbids any open source implementation of HDMI 2.1. Although I don't know if they ever offered an official justification, for a group that exists to promote HDMI adoption, they're clearly morons.
As the article says, they most likely changed their mind, probably following quite a bit of background discussions and industry influence.
WHY!?