A couple of things I'd like to know about this incident:
1) What caused the EF..did the engine let go or was the engine still fine and it was a fuel issue (carb / throttle linkage etc..)
2) Who was the chick in the video !
I suppose a lot of it depends what you fly. If you "test fly" aeroplanes you have to assume that you will have more failures. If you fly aeroplanes that are home made, you have to assume you will have more failures (someone I know landed short and nosed over in his homebuilt because the throttle jammed at idle on landing and he didn't make the runway).