I'm sure people will come up with great things in trusted mode, its just people will always want that little bit more (storing high scores for that text based game, storing them on a central server etc.), its just a case of being careful what you open up.
The log files was just on example, IE is always updating its security engine to fix a bug for when people use several features in conjunction, or pass weird parameters, I don't want yet another program I have to update every month with a new security patch. Its just a case of being very careful. Often obscure functions with malicious parameters have unexpected effects.
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