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If you sued Facebook, you would have lost the patent grant, but not the copyright. With the new license, there's no patent grant at all, so if any code in React is patented, you're in the same boat as you'd have been if you'd sued in the prior situation.

Edit: It seems like some consider MIT, unlike BSD, to have an implied patent grant based on its wording: https://www.scribd.com/document/46088081/Closing-the-Loophol...

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Keep in mind that holding a patent allows the patentholder to prohibit someone else from importing, making, selling, or using some product or practice.

The MIT license gives you the rights to "use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software", and that's not even exhaustive. (See "without restriction" and "without limitation".)

Is there something missing from the second list that you think needs protection from the powers granted to patentholders (the things in the first list)?

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