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I got my start in this business as a UNIX system administrator. I know what root is. And even though I've been off UNIX for years, and mostly write about Windows now, I'll state unequivocally that if I have physical access to your machine, I own it, short of encrypted system disks (and even those, under some highly technical situations). So a "local only" exploit just really doesn't get me excited. Yes, certainly, it should get fixed. But let's not get our knickers in a twist.
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