As for the content of the debate: I've been following Schneier's commentary on airport security for at least a few months now. What he's saying is no surprise to me. He's preaching to a choir of which I am a fast and firm member. On the other hand, I'm actually amazed at the willingness of his opponent (Kip Hawley) to concede some points that I would have thought were held as unshakable dogma amongst the TSA-apologist set. To me, genuine progress was made in this debate. This was not a case of two people's arguing pre-fixed talking points in circles around each other. This felt more like a real discussion, with give and take.
Kudos to The Economist for hosting this debate, and for attempting to innovate on the printed-debate format. To date, it's a format that nobody's quite nailed. (Nor, for that matter, has The Economist here). But it's an interesting step forward.