[brl]

> What do you mean by "local SYSTEM"?

The highest system privilege level on Windows. They were able to interactively run CMD.EXE as the LocalSystem account on the remote web server.

> I eagerly look forward to details on it. Where might I find them?

The details were not disclosed until today when the attack was presented at a security conference. As far as I know there isn't anything available online yet, but that should change very soon.