Yes, some sort of standard is desperately needed in the labelling of the LFE. Putting full range information there is in my opinion just plain silly. Do they expect people to tear into their speaker setup to accommodate their mixing whims for a single disc?
I sincerely hope that the recommendations are heeded that music producers and mixers simply ignore the LFE track, and let the user's bass management take care of things. Like I said before, the whole reason for the being of an LFE track was from the movie industry, not the music one. Using it for music is just a can of worms in my opinion.