Sudo has always been very aggressive about addressing security issues and the developers take it very seriously - they have been doing this for several decades. Good thing since by the nature of the tool, it escalates privileges.
So while a bummer to see this exploit, that should not discourage anyone from using it and it is a de-facto tool in the sysadmin toolkit.
Ditto what Brian-Fu said in that I'm curious how the "su - works just fine" people log their commands, provide some granular control (by user and command), etc. etc.
And let me know how well that scales with you have hundreds/thousands of machines and dozens of Sysadmins ...