To me it would. If they don't have a similar device released by that time.
It would get me motivated enough to finally de-DRM all the books on my device (or pirate copies I can't otherwise decrypt) and copy them to a third party something like a Kobo Reader or whatnot.
I am firmly in the Kindle ecosystem sort of by accident and inertia, but if they were to end support of the only device that meets my needs (page turn buttons and waterproof - which for the latter to be useful you need the former) it'd be the end of Kindles for me forever, and I'd certainly bitch a lot about it on-line!
If they end support for it 12 year after release but offer a reasonable upgrade path? I'd grin and bear it. 12 years is a decent amount of time for a $200 device.