I don't see why big publishers entering ebook market would have a detrimental effect on indies.
As you said:
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Indie authors used the e-book to get a market presence, when the publishers would not let them into the printed book industry
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The publishers still will not be interested in indies. So, for indies, no major changes. Maybe a few cons and pros. Such as, more actual ebooks will flood the market and indies might be lost in the sea...but is not it the case right now when anyone who can type thinks they are geniuses and publish themselves and a reader must wade through a lot of rubbish to find a really good indie writer? Also, I believe indies are targetting a certain audience. Readers who are prepared to risk their time and read unknowns. Advertisemnts of big guys will not affect these readers. The audience will not change or grow smaller with big publishers coming about. On the other hand, big publishers have a better chance to make ebooks mainstream, thus attract more people who read ebooks, thus more chance somebody would notice an indie author, somebody who would never do it before, because they didn't read/knew anything about ebooks.