It's a pity that the people in charge are in such denial that they cook the statistics... If we compare the 2006 incident statistics under the old norm with the 2007 statistics under the new norm, we see that the new norm finds less incidents.
(No, the FAA isn't doing better.)
Indications are that FAA is doing worse (it would be good to have comparable incident numbers over several years) but that real bad things haven't happened yet. A competent organization would take corrective action, improve operations, instead of employing a
head-in-the-sand statistics cook-up.