2010 is a long way away in their current condition. While I'm happy to see the changes you mention, I wonder if the sour economy might still do them in.
When I say 2010 I mean model year, i.e. fall 2009 for new cars (the Volt if not delayed 12/31/10). The VEBA is sometime (early?) 2010, (I had an accounting teacher that was transfered from Sarbanes Oxley duty with big 3 CEO's to the VEBA.)
Right now the cash "burn rate" with the economy in the tank has exacerbated them burning through cash. These loans give them money (Ford in particular) for plant retooling of new or Euro-model transplants while they burn through what cash they have left. FWIW Ford is more liquid than GM...