In a brief press release pointed out by ChessNinja member Globular, FIDE has confirmed that, "World Chess Champion Ruslan Ponomariov reaffirmed his willingness to defend his title against World no 1 rated player Garry Kasparov under the Match Regulations as approved by the FIDE President and the Presidential Board of FIDE." Thank you Super Mariov.
This means he has conceded in his attempt to play the match at the 'modern' time control and with draw odds. No draw odds and the classical control (40/2, 20/1, g/30) will be in effect. Long live classical chess. I'm only just now recovering from all the endgame butchery that took place in the Bled Olympiad played with the modern control (90 minutes + 30 second increment, single control). I've said it before, twenty years from now people are going to look at some of the games from this era and wonder why we started to play the endgame like idiots. Or, if controls keep getting faster they will look back at pre-2000 games and wonder how we played the endgame so well!