Cached mirror - https://webcache.googleusercontent.com/search?q=cache:LwH96X... I'm clueless about security: where does this fall on the scale of non-issue to critical? It strikes me as tending towards the latter, given that it enables unprivileged users to become root. Any insight into past Linux Kernel vulnerabilities that were severe?
Pulling this attack off requires enough access to the machine to either run the unprivileged commands needed to create the exploit condition or to upload a binary/script that runs unprivileged that in turn creates the exploit condition. If the attacker already has that level of unauthorized access, you're already doomed.
It also breaks sandboxing. To whatever extent you're trying to run programs that are somehow jailed, so you can download and run them without worrying about them taking over your system, kernel LPEs break those assurances.