Windows Firewall: the best new security feature in Vista?

It is interesting how some of the best security features in Windows receive either no attention, or get criticized for the strangest reasons. Case in point: Windows Firewall is one of the best firewalls out there, and yet much of the talk about it are complaints that outbound filtering is disabled by default.
I believe there are a lot of incorrect assumptions and outright myths about outbound filtering, but more about those further down. Let's look at the positive side first.
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