The good news? Most of this (though not all) is now past tense. Dropbox says that it's restoring files when it can; it's also releasing fixed versions of its apps, preventing older apps from working and putting extra safeguards in place to prevent this kind of error from happening again. Affected users are getting email (such as what you see below) that offers a year's worth of Dropbox Pro service for the trouble. While these efforts won't be much consolation if you lost access to files at a critical moment, it at least shows that Dropbox wants to learn from its mistakes.

[Thanks, Michael]