Agree or disagree, your characterization of this as remotely panicky is way off base. All of the components have been discussed for a year or more (some more like three years) and the package as a whole for several months.
This isn't being done on a sudden or panicked basis, it has been very carefully and very extensively debated and considered, and eventually the dev team and most of the major stakeholders have largely come to a consensus on it.
Pretty much the opposite of panic.
RE: EIP FAQ