Okay, update here: Please stick with the main blockchain. We appreciate the effort Crunchharder, but everything will be fine. There may or may not be changes to fix any potential bugs, but for the past 20 blocks difficulty has been accurate (or at least close to accurate). We do not expect another situation like what occurred at block 780. Any changes will be updates to the official blockchain.
Sorry dude, but you're incorrect here. Everything will not be fine - your diff calculation is broken. You don't need to wait and see what happens, you just have to look at your source - there is no damping outside of the single block retarget. It will keep happening again and again (just like with diff ~700 now from just a single short block).
Crunch Harder did a great service in getting a fix sorted as soon as possible, before everyone loses confidence in what's happening here. It's not about panicking, it's about acting quickly, and they did that. I think you should have just accepted it and pulled their repository.
With only 20-30 blocks mined at the time (past the premine), pulling the plug on that blockchain was a no-brainer. Now you're in a position where you've got nearly 100 blocks to preserve (and 12 hours of mining), and any changes will probably have to preserve the entire blockchain, which makes things more complicated.