While I'm glad they came up with this new standard, I wish they wouldn't use the IEEE for this stuff. Now if someone wants to look at the standard they will be charged an outrageous price like $250. $250 for something that will be at most 50 pages, in other words they charge $5 per page.
Well, to be fair, it took them about 2 weeks to write each page.
It seems like everyone with a functional (like myself) are lucky. This seems to be a bad time for Microsoft. But as a 360 owner, I am glad they actually admitted this instead of denying and repeating their line on how the actual failure rate is very low.