The problem that I think sparked everyone was all the fake images going around, it did make the situation sound more crazier than it was, and I won't lie, I was more infuriated knowing these pictures were around (but it calmed down a lil knowing they were fake).
But I can assure you MMH does not lie!
HOWEVER, the whole 1% could mean anything, 1% of 10,000 players is still a lot of players who had an unfair advantage, which still makes it unfair in it's own right (imo). I mean there are currently more than a thousand santa hats (which one person owned at one time), how could there not be more climbing boots?
As for the Daemonheim bug, they said that any item once used, traded, unweilded, etc will automatically disappear as they have safe locks in place to make sure if they get smuggled out they have no use (besides looks, but at one point im sure they'd be forced to take them off).
But let's face it, did any of the shouting even help? The riots? Not really. Flaming a mod doesn't do anything, in fact I wouldn't be surprised if they decided not to change anything due to the attitude of some of the players over the last week, it's shocking. At the same time, it's more embarrassing for Jagex to have their players think of them like that, it's just very dangerous for their own company to begin with! >.>
Anyways I think we're getting ahead of ourselves, no need to complain on silly bans, etc, that's not going to help the update. It's still wrong in the sense of it being an unfair advantage, which is stated in the Bug Abuse rule and is what Andrew stated when he removed tradeable rares in 2003. It was wrong for a reason and they knew it, they just thought they could get away with it for a good intention, but again that wasn't a very bright solution to things.
One last thing - No point in complaining now, boots have been alched, no rollbacks will ever happen this late, all we can do now is watch climbing boots crash and laugh at Jagex's price theories.