This is being covered a lot more widely because FB didn't just pay the guy. I know it wasn't about money for FB, but this is easily done a lot more damage then they would have expected and because of their inadequate handling of a single bug report, I can only feel satisfied as I think this will go down as a good case study of how not to be so dismissive with critical bugs.
(I still think they should pay the guy, and it should be double the $5k he would have expected to receive).