There's nothing wrong with your notes - all are valid and I'm not sure where 
the disagreement would come in.

A comment on one of the disadvantages to the big bucket approach - the 
inability to have event-driven categories.  In a strict big-bucket approach, 
where there are only 5 or 6 categories, the inclusion of an event-driven 
category is indeed all but impossible.  I've always seen the big-buckets 
approach as a spectrum, however - if you go with only "bigger" buckets - let's 
say 40 instead of 400 - then there would be room for event-driven 
categories.  I've gone this route with a couple of organizations by way of 
compromise between accuracy and ease of use.

Of course, the idea of not having to deal with events is in itself mighty 
appealing...

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