These stories are always exaggerated.
"...anyone with a valid CA-signed certificate for any domain can generate a valid CA-signed certificate for any other domain..."
I just tried it, and it didn't work. Obviously, there's a specific procedure required, some little bit of knowledge that isn't being included in the announcement.
Oh, and I'm sure that a motivated hacker can spend the time to find the missing information to exploit this hole, but it's not as ridiculously simple as the stories make it sound. It's always ANYONE can do ANYTHING to ANYBODY at ANYTIME from ANYWHERE blah blah blah. In other words, there is absolutely nothing stopping the entire web (of which > 90% uses IE) from collapsing in a few hours. Here we go again with Y2K. Start stocking up on bottled water and ammunition....
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