Not that much stuff gets funded. The SPS is just another way for Witnesses to feed themselves more. Yes the SPS could do a lot but if the exchanges do the swap it is unlikely that the SPS would be able to support getting listed on other exchanges for Old STEEM unless some key bag holders here really rallied the troops and they did it as a power play. Then they would have a heap of other issues like hosting.....etc. It is unlikely that Old STEEM would retain as much value as the Token on the TRON chain and one by one the STEEM Saviors would sneak out the back door and do the conversion in fear of losing more funds. It would likely make more sense for them to head for high ground and continue the circle jerk on TRON instead of risking ending up like Scorum, WEKU, BearShares, WhaleShares....etc
RE: STEEM is still not Steemit, even if Tron buys Steemit.