Not good enough. The Indians, like any other team with a Native American nickname, should be forced to change their name as well.
See also the Washington Redskins, Florida State Seminoles, and many others.
Seriously, those names were intended to honor Native Americans, not denigrate them. The term "Indian" isn't even inherently offensive; in fact, many (if not most) Native Americans actually prefer it.
The logos of most of those other teams are pretty neutral compared to Chief Wahoo anyway. Chief Wahoo was intended to denigrate NAs, and for that reason it deserves to go.