What does this announcement about free, public CVs really mean?

Question

As a part of careers, we’re planning to roll out free, public CVs with user-selectable “vanity” URLs in a week or two. In retrospect, we should have done this from day one, as it compliments the public record of your Q&A on Stack Overflow. As Joel notes, the best way to control your online presence is to fill it yourself with all the cool stuff you’ve been doing! Don’t let others tell the story of you when you can tell it yourself. --StackOverflow Podcast 70 Summary

I haven't listened to the podcast yet, but could someone elaborate? After reading this, it seems like everyone will get a CV that they can attach to their profile without paying a cent. However, these won't be in the careers searchable database unless you pay the fee. Is this correct?

Answer 1

There will be a tab titled publish cv containing:

Your CV is private; make it public to the world

http://careers.stackoverflow.com/[ input box ]

Below that will be individual per-field toggles to hide things you don't want shown to the public. This should be available by the 27th and we will make sure to allow a brief period where current paid members can get the public URLs they want first.

Answer 2

Everything that I have seen up to this point leads me to believe that you can fill out a CV but you are paying a fee to have it filed and searchable by prospective employers.