I think it is time to close this thread as there are far too many 'opinions' based on complete and utter ignorance of the aircraft, the rules, the type of flying involved etc. etc.
It is fairly obvious that once we get into the 'logic' being bandied about on here in relation to the odds of having a second or third engine failure together with the ramblings of armchair experts, the time has come to put this one to bed. As and when the case goes to court we can reopen it.
In the meantime, those of us who do actually fly the B744 can sleep well at night knowing that we have plenty of redundancy and don't have to "land at the nearest suitable airport" unless the QRH sais so or we decide we have to.