PhilGoetz comments on Open Thread, August 2010-- part 2 - Less Wrong
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Replace "making current values permanent" with CEV jargon on extrapolating volition into future minds within a trajectory determined by current human values. (The CEV program still needs to demonstrate that means something different from "making current values permanent". Details depend, among other things, on how or whether you split values up into terminal and instrumental values.)
It certainly explicitly claims not to be doing that - see:
"2. Encapsulate moral growth." - http://singinst.org/upload/CEV.html