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It's a pretty nasty bug. To quote from the above advisory:
The impacts of this vulnerability include:
* Read-access to files on the victim's file system
* Read-access to lists of files and folders on the victim's file system
* Read-access to emails written or received by M2, Opera's mail program
* Cookie theft
* URL spoofing (phishing)
* Track user browsing history
* Much more...
This one's a very important download, folks. Get it while it's hot!