Looks like a non-event to 'common' folks. The 500ms minimum order lifetime would have had an impact (for the better or the worse), but that is apparently off the table.
RE : volatility, one can argue that HFT reduces volatility in normal times but during periods of extreme market stress it may increase volatility. To use Taleb's language it's something that gives the appearance of orderly markets but in fact makes the system more fragile. But I am not sure of his opinion on HFT.