The timing of this announcement stinks. 2130 PDT on a Friday night, long after most folks have gone home. Making it even more painful, Rackspace is providing
1 hour advance notification. For those of us hosted in the US, there's a rolling reboot window that starts at 0400 PDT on Sunday morning. So, if you're a Rackspace customer and care that your app shuts down cleanly and restarts properly, you get to wake up at 0400 PDT and check your email and stay near your laptop and internet at least once an hour, every hour, until (potentially) 0400 PDT on Monday morning. Hooray, my Sunday plans are fucked!
They suggest taking backups/snapshots of your instances before the reboot window. Given the throughput required to push multi-hundred GB images from public cloud servers to Cloud Files for storage, I am willing to bet that the backup network is maxed out and will stay maxed out until the outage.
I wonder if Rackspace found out about the rumored Xen exploit from the same people that told Amazon, or if Amazon told Rackspace but waited a little bit to make it more painful for Rackspace's customers...