It sounds like they just quoted the weekly project meeting, which anyone can dial into. In that context, everyone knows Beltzner meant blocking bugs. So yeah, just sensationalism.
It seems quite obvious that he's quoted out of context: FF3 is obviously not "bug free", but there aren't any further browser fixes slated for 3.0 final (as opposed to fixes that are "server-side and Web-site related"). The headline is just link bait.
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