The only question worth asking here is: "Does it break the game?"
If abuse of the glitch gives players such a huge advantage that they easily beat opponents of equal or higher skill with it, then it should be banned. I do not believe this is the case.
The reason this thread exists is because the community understands this was not intended by the developers, not because of the actual concrete effect it has on tournament gameplay.
MK9 Cyrax was able to get huge damage because of something that was not intended by the developers. The effect on actual gameplay was much more significant than this, yet the character was not banned. Because in the end, it didn´t break the game, it just made him top tier instead of high-mid.
I say let it rock. Sure, the infamous "meter building round" just got a lot easier for KL players, but other characters in this game have more powerful tools, the only difference is those were intended by NRS and this one isn´t.
I suppose you could ban those wakeups specifically, but that´s a lot easier said than done.