I think this has a chance.
He evidently already has enough signatures.
There is a trade-off. The electoral votes, which are currently all doing to Dems, will be partly split, and the GOP will win in that regard. Recognizing Dems will still have a majority, but some will split off.
However there will be a number of new Senators, and (most) of those will go Democrat.
So I’m not convinced either side would necessarily object.
I love the area where I live, the two north bay Wine Counties, however, I would move to the State of Jefferson if it happened. Our area becomes more elite liberal each week as rich trust fund liberals leave the east coast and Houston to move out here for the weather.
The people in the Jefferson area (including the S. Oregon Counties) are good people. A large % of the Democrats in that area, are the old type of democrat not the looney tune progressives in the rest of California.