Yes it is bad, very bad. But I'm sure they got all the redundancy in place and thought about so much more than we can imagine. But even then there might be some extreme event that will throw 'soot in the food'.
I think it is just great how this event is handled. Almost everybody I know knows the alternative alarm number. Police is in the streets so you can walk to them. And as far as we know there are no looters taking their chances.
So yeah, bad, but we have to wait before we can mark it as big fuckup.