It can be argued that this is not the best solution because every place where fork() is called needs to be patched, and this could be in libraries. But the same applies to O_CLOEXEC flags; every place where file descriptors are created needs to be patched. Further, there are probably many more places where fd's are created than where fork() is called.
So if you want to be super careful library, you should do both. Yes, I know the article advises against fork() from libraries. But sometimes you really need it. It's not bad per-se, just bad when done in *nix because of the broken design of OS interfaces.
[1] http://code.google.com/p/badvpn/source/browse/trunk/system/B...
CLOEXEC approaches are the only race free solutions.