He'll drag this out long enough for the schmucks that are yelling "Witch hunt!" on his Twitter and Facebook feeds to not notice the lack of legal action and will then live off of the martyr cred. He'll be just another truth seeker, battling a corrupt system. Or something.
The crowd he held his most cred with - the hyper tech enthusiasts - have very long memories. Someone already quoted it, but that Gabe Newell image where he warns to never ever piss off the internet is truth. Palmer Luckey might actually become reinvented as an alt-right poster boy, but that's not his true passion. He's destroyed his credibility with those whose opinions he originally and actually cared about.
Fuck him, IMO.