Some obvious s p a m m e r s doing extremely well after this new update. What do do now. One even runs adsense. Another has hundreds of domains pointing to a unique site via misleading redirects. This update looks more like a bug than update. --
According to Matt Cutts' blog this update will be conducted in 3 stages, with the 3rd stage rolling out this week. So no, unfortunately it still has a while to go. There have been few people reporting sites released from the sandbox - here's hoping that the 3rd stage will factor in some fresher sites.
I hope that in this next stage they will release some sites from the sandbox ... then there will be nothing unfortunate about it at all. Here's hoping ...