Dash,
I read it thoroughly. As I'm sure you are aware, the spinlocks have gone through a rev since then, not to mention that there was some contention that they weren't fitted properly. I've tested mine in Boston Harbor and I did not experience any of the issues that were cited in the report...
TCOTB,
love my spinlock deckvest. It has a sprayhood, and I find it very comfortable to wear, even with the leg straps. Wore mine for the Greenport Ocean Race last year, 85 miles straight, and was never uncomfortable in the vest.