Proposed resolution (February, 2010):

Change 7.6.1.11 [expr.const.cast] paragraph 4 as follows:

An lvalue of type T1 can be explicitly converted to an lvalue of type T2 using the cast const_cast<T2&> (where T1 and T2 are object types) if a pointer to T1 can be explicitly converted to the type “pointer to T2” using a const_cast. Similarly, for two object types T1 and T2, an expression lvalue of type T1 or, if T1 is a class type, an expression of type T1, can be explicitly converted to an rvalue of type T2 using the cast const_cast<T2&&> if a pointer to T1 can be explicitly converted to the type “pointer to T2” using a const_cast. The result of a reference const_cast refers to the original object.