I've tried to write a program (https://gist.github.com/392445) which would be affected by this. It seems it should be `'); DROP TABLE servertypes; --` to actually drop any tables. All I was able to get now is syntax error.
I recently learned about the INSERT SET syntax, and have started to use it across the board. Sooooo much more readable when column names and values are next to each other rather than separated.
</offtopic>