The thread is kept up to date by Shamil, and has discussion (and banter) relating to the lawsuit. For the most part, the people to listen to in the thread are The Law and jadmperry as the most understanding.
As for the lawsuit, it really is just a frivolous case on the part of IB to try to slow down XF. Just a complete and utter waste of time for everyone involved.
If something stupid happened and xF lost, I really don't care what the "law" was myself, I'm going to run xF anyway and to hell with 'em. I understand not everyone can or will do that, but... screw 'em (vB and their lawyers), I paid for it, I'll run it if I want for as long as I want.