Great post!
I listened to a podcast on this same topic and there was a guy talking about how it was his job to go around and make sure all the machines his company maintained would not fail come January 1st 2000.
I'm sure people are working to make this fix as we talk about this but you are correct. It's going to take a lot of man power and money to get the old systems, such as the ones at banks, to allow for this upgrade. Luckily, we have 20 years to get them all updated.
<3 J. R.
RE: What is the Y2K38 effect?