So no, I don't expect an exodus because of this. I do think that this will cause major hiring issues, even more than before. Not because employees have a moral stance against patents but this move signals desperation. Folks can 'smell' that this is different than when Apple uses patents offensively and that this isn't something a healthy company should do.
I've said it before, but I'll say it again: The ones with a "strong reason" to stay at Yahoo would be those on H1B work visas in the green card sponsorship queue. Because if they find a job elsewhere, the whole process restarts. A strong reason, sure, but IMO not a good reason to stay.
Think what you will, but there are plenty more that are like me. My current team is full of some of the best people in the industry at what they do and the average tenure of them at Y! is ~6 years. So, there's plenty of very talented people left at Yahoo who are here because they want to be.
Do you think employees are making plans for an exodus?
Also, as I recall, wasn't there a senior exec that left recently upon Thompson's new appointment as CEO. Perhaps he saw this coming and thought similarly?