There is still the option to boot into the OF in the old way, by holding down the MENU button, but it does make it more difficult for new users.
If I can figure out the assembler code that makes the alarm work, I will find a way to check this properly.
EDIT:
The patch works well with the iPod 5g, but I really need testers for all other iPods if this is ever to be included in svn.