It appeared there like 5 minutes ago; it was down for at least 20 before that.

That's 20 minutes of millions of people visiting the status page, seeing green, and then spending that time resetting their context, looking at their system and network configs, etc.

It's not a huge deal, but for $200/month it'd be nice if, after the first two-thousand 500s went out (which I imagine is less than 10 seconds), the status page automatically went orange.