Despite all of the scenarios you can imagine that would make this bug seem like something that should be exterminated immediately, the Google Code site had it listed as a "Medium" priority which means that despite the 700 comments about it on the site's forum, the Mountain View based company was not considering the bug to be such a terrible thing.
Thanks to the voices of those Android users out there who have had their text messages misdirected, Google has now reconsidered and has moved the SMS bug over to "Critical" which means that the problem is an "issue that prevents the product from shipping or should be patched in the field." Now at this high a priority, it shouldn't be long before a update for Android 2.2 is sent that allows your SMS to get to the person you intended it for. With 30% of those taking a poll indicating that they have experienced this problem, Google has made the right choice in stepping up the priority.
source: GoogleCode, AndroidHelp via BGR