Like Kali Yuga said, The Register is anything but an unbiased source, but even for them this story has been mangled unusually badly.
Bearing in mind the clarifications above and in vice-versa's thread, I think on the whole it is an excellent idea. I find six months' notice in which you choose to opt out to be reasonable and the benefits to the public at large to my mind by far outweighs the potential downsides.
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