In my testing, LoggedOut is not set anymore. I'm not sure if this is intentional. My understanding is that this is supposed to be used to bypass pages that were cached by the browser when you were logged in.
Impact
(Unconfirmed). I suspect that now, when you view article X, and are logged in, and then log out, and view the same pages you have viewed before, it will appear as if you are logged in, because the browser is getting a "304 Not Modified" response from the server allowing the b browser to use its cache. This would be incorrect, potentially confusing, and might seem insecure to users.
See also: