You can also use ksplice to live patch the vulnerable kernels as a first aid. I'm not an expert but I think there are some limits to what you can accomplish with it. Also guessing that the embargo period allows the big names to roll the patches out gradually enough that you won't see any panic shutdowns.
From the page: "it can threaten the guest-host isolation of KVM/x86 hosts that accept untrusted guests and expose nested virtualization"
That is not to say that it is not a serious vulnerability though.