HB, you have mislabled what Uttar said he was very clear.
He said it DOES NOT disable the compiler, it only gets rid of the cheats.
He said the compiler IS better than it was before, and that if someone found some old drivers, and ran them (w/o cheats) the new ones would go faster (w/o cheats) thus the compiler is accomplishing something.
He also clearly stated that the cheats are not part of the compiler although PR would have you beleive they are.
edit: I think ATI should just run Nvidia's demos and say geewhiz our card is faster... then Nvidia could not say ah but we coded them so we would be at a disadvantage