Overall risk to consumers is FAR greater for this than RRoD. Possibly replacing a sub-$400 console vs having your identity possibly stolen shouldn't even be a discussion.
Seriously, its a shame how even something like this turns into a fanboy war here. The weight of this shouldn't be anymore minimized NOW than the weight of RRoD back then. Both are horrible and neither paints the respective companies in a good light. Most importantly, both affect customers in a bad way.
So don't be offended if people jump all over this incident. It's well deserved.