I'm still unclear on the sandboxing assertion. The mediaserver in current versions is, in fact, pretty well isolated. I've had to work around and defeat lots of this protection for debugging purposes in my professional life, so I know it's there. IIRC you can't read system or app data outside the sdcard area, you can't write anywhere persistent. You can open network sockets and make binder requests, which is not trivial but again rather different from a remote root.
That this is an exploitable bug in libstagefright seems to be uncontested. But AFAICT there are no assertions of an actual sandbox breakout or a practical payload that does something more than e.g. send spam. Are there? Link?