Great news. We're still going to have 150+ Ex2003 boxes in the mix with some Ex2007 for the next year or so (we're leaving them alone until the hardware is out of warranty and then we'll embrace 64bit on the new hardware and/or virtualize... maybe even take them straight to 2010 at that point) and we've been the roadblock to moving the AD functional levels up to 2008. Now we can let our AD people do their thing. So although it may seem you are supporting old stuff, this will let other areas of our org move to newer Microsoft products instead of waiting for the lowest common denominator to be ready.
Is it correct to say that this is just a change to the support policy and 2008 AD functional levels will work with no new patches for 2003 SP2?