It affects the question of malice. That the goblins are screwed is understood. It is, however, relevant to negotiations between the goblins and the gods. If the gods were in fact malicious, they cannot be expected to negotiate in good faith. This is TDO's viewpoint, and he has reason to think that way. If it was pantheonic indifference, negotiations are potentially easier. Basically, I think it has relevance to the eventual outcome of the story line.