Very difficult to keep up with all the posts in this fast moving thread, however Andu has said something with which I can concur.
it's as big a paradigm shift as Sept 11th 2001 was.
Maybe not quite as large a shift, but were there to be a second 'hijack' like this, the industry could descend into meltdown once again!
Kneejerk reactions by law makers to this incident are pretty much a given.