Well, not entirely. Reverting the CW restores the rep, subject to daily rep limit. The answer's been given 3 separate bounties (100, 100,50) which are not affected by CW.
1) It still required manual intervention from a moderator.
2) I'm certainly not an expert on how SE distributes its points, but the moderator comment in the related meta post (http://meta.programmers.stackexchange.com/questions/3527/rem...) states "I don't think there is a way to refund the reputation the answer gained while it was CW [...]"
