I don't think Google is taking any action soon, but it's just my guess.
I'm pretty new to Google Play so I'm not in the postion to give good advice about this, sorry ^_^'
I'm not so sure. I've been on Google Play (GP) for quite some time now and Android forums are full of sob stories of GP 'banning' devs for far less offences (very minor copyrighted 'words' used in app descriptions for example). The problem is that once banned, its next to impossible to create a secondary account for GP as they track everything from your bank accnt payment details to the IP of the PC being used to create the apps.
Another caveat is that if your Google Voice, Google Merchant or Google+, and those account are linked to the same banned account, everything is banned. There's next to no appeal process and GP is a faceless entity that really does what it wants.
I would really appreciate knowledgeable feedback on this as my GP account earns me revenue that i would most definitely miss.