[popcornmix]

[*]Added power management support for the Raspberry Pi. Since it doesn't support true standby, we fake it by turning video on or off, and ignoring remote inputs during the standby phase.

This is almost certainly a stupid question, but if your only input method to the Pi is an IR receiver, and in standby mode the Pi ignores remote inputs, how do you wake it from it's virtual slumber?

I think that comment was from one of the git commits.
A later commit does: "[power] hack - don't kill lirc or cec"

So I think you can still wake up TV with IR remote, CEC remote or keyboard.