Rodwell was sent off by referee Martin Atkinson in the 23rd minute of the Merseyside derby at Goodison Park on October 1 for an innocuous-looking challenge on Luis Suarez.
The Toffees were subsequently beaten 2-0, with Moyes left fuming at Atkinson's decision, which he felt had "ruined the game".
The Football Association last week upheld Everton's formal appeal and Rodwell - so long as he is fit after sitting out England Under-21s' win over Norway as a precaution - will now be available for Saturday's clash with Chelsea at Stamford Bridge.
But while Moyes was glad with that outcome, he has stressed that no amount of support for his view that Atkinson got it wrong will make up for what happened during the match. It is pleasing and it was correct - the right decision was made (by the FA)," Moyes said. "We've tried to move on from it but obviously it is still very much on our mind.
"It was a big derby game and we wanted to try to win it if we could but that was hindered. The hardest thing is that every single person I meet in the street comes up and says 'it was the worst decision I've ever seen."'