Proposed resolution (October, 2005):

Change 6.7.7 [class.temporary] paragraph 5 as follows:

... In addition, the destruction of temporaries bound to references shall take into account the ordering of destruction of objects with static or automatic storage duration (6.7.6.2 [basic.stc.static], 6.7.6.4 [basic.stc.auto]); that is, if obj1 is an object with static or automatic storage duration created before the temporary is created with the same storage duration as the temporary, the temporary shall be destroyed before obj1 is destroyed; if obj2 is an object with static or automatic storage duration created after the temporary is created with the same storage duration as the temporary, the temporary shall be destroyed after obj2 is destroyed...