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In SM2, my new account is following 500 and won't follow more until I get more followers, so I have changed the number of people I am following in SM2 to 1 person per board. Once I see the numbers I am following go up, then I will increase my followings in SM2.
I don't think WE can do anything but Pinterest won't like it if people don't follow because that is part of their business so presumably they are gong to have to change this. On my new account, I have turned following down to 1 per board until the number of follows increases again.
We have some preliminary evidence that it may not matter if it doesn't pass. We have a brand new account that's generated some traffic in its early days despite having zero followers. It's early yet, and we're monitoring the situation, but if the traffic continues to grow then Pinterest has likely modified their algorithm to not require as many followers when putting pins in the search results. Could be very good news for us all.