Reports of Bagz Worm In Wild
I have received a few unsubstantiated reports of the Bagz worm, or at least a close variant of it, being in the wild. The reports have been associated with the .B variant, although no write-up has been posted. Symantec has one for the original, however. It can be found here.
The worm is quite clever in the emails it sends, obviously gathering from successful worms such as Netsky and Bagle. For now, Bagz is definitely low risk, and probably the original variant will remain so, but I would keep a very close watch on this family for future versions.