runlevel system obsoletion

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http://forums.fedoraforum.org – Are runlevels really obsolete? That's according to the runlevel man page. Also, I have been reading the fedora 17 documentation, and found that there is a lot of incorrect/out-dated documentation on runlevels. I'm hoping to find out how the out-dated runlevel system has changed, and also when the change was made. (HowTos)