On the back of #40 & #43 that changed the behaviour of the $found parameter to reflect the status of the data in memcache, however, it breaks a different-but-similar case: non-persistent groups.
For example:
wp> wp_cache_add_non_persistent_groups( [ 'example' ] );
NULL
wp> wp_cache_set( 'example', 'example', 'example' );
bool(true)
wp> wp_cache_get( 'example', 'example', false, $found );
string(7) "example"
wp> $found
bool(false)
In this case, the value was never going to exist within memcache and it was found in the cache, so I would argue that $found should be true in this case.
I personally ran into this with Cavalcade, where it relies upon the $found parameter working with non-persistent groups: https://github.com/humanmade/Cavalcade/blob/master/inc/class-job.php#L366-L368