It's good to see someone else advocating a two-metric system for basic bug classification. Quantified Task Management uses 6-point Priority and Gravity; the latter name makes it applicable to non-bug issues. As to the six-point scale, p0 is "Wishlist", while p5 is "something is on fire". I usually advocate p4 for the usual "top", leaving one spot above that for actual emergencies.
Of course, one should always know what classification system is being used by the project you're filing a bug report on.
I am happy you noticed this point! I really liked the metric system of QTM and it's actually pretty similar to the basic one mentioned in the post. Thanks for the link, very interesting material!
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