Tango and Cash
The failure occurred on climbout - not in ETOPS - presumably on high power. Does the power state affect the probability of blade separation? In other words, if an engine doesn't fail on climbout, is it likely to fail in cruise?
The engine burned but the fire doesn't seem to have compromised the wing above, so I guess the fuel shutoff was effective and as stated earlier in this thread, what was burning was 'only' engine oil and maybe hydraulic oil, and if this had happened in ETOPS it would have burned itself out in a relatively short time.
OTOH, as shown in the photo in post #142, something punctured the fuselage below the wing root and, in cruise, would presumably have caused decompression.
How many ETOPS flights take place every day? In the many years since ETOPS was introduced, how many engine failures endangering the aircraft have occurred in ETOPS flight? Of course, there's always got to be a first time ...