Carl, as I said before your run for the CA governor seat, I think the problem is industry-wide, not specific to Intel. Yet your anger is directed at Intel probably because you were once heavily invested in them, and you sustained losses due to reasons irrelevant to the issue of options.
As for Moorea's rant, maybe she (he?) should have also looked at how many options issued in 1999 and 2000 became worthless after the bubble popped. Would the Black-Scholes method of options expensing account for this? I'm not very familiar with Black-Scholes, but my guess is that it doesn't.
Tenchu