The Debut of FROs

Faisal Laljee submits: I got an email yesterday from the American Stock Exchange that I wanted to pass along:
AMERICAN STOCK EXCHANGE ANNOUNCES LAUNCH OF FIXED RETURN OPTIONS (FROs) ON THURSDAY MAY 8, 2008 Complete Story »
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So what do you guys think of
So what do you guys think of this? Will this attract the general public to begin using FROs or is this just another way for the big money to take it to the general public.
What about the arbs, surely that is something that can be interesting to talk about.
"Oh - the ladies ever tell you that you look like a fucking optical illusion?"
Can't these already be
Can't these already be created synthetically? The writers just take a spread between the synthetic option and the FRO?