MMA Weekly has the scoop:

...the UFC has instituted new policies regarding cut men and how the corners are allowed to enter during the breaks in between rounds for this weekend's UFC Fight Night 17 show in Tampa, Fla.

According to sources close to the situation, the UFC has now instructed that cornermen associated with the fighters will no longer be allowed to handle the Vaseline used in between rounds to treat and prevent cuts.

The UFC will now provide one cut man for each corner for the fight. Only two people are allowed to enter the Octagon between rounds so if a cut man is necessary to apply Vaseline or work on a cut, one of the other cornermen working with the fighter must exit the cage to allow the cut man to work.

Well done UFC.

I still want grappling pants, knees on the ground and the kick Anderson Silva did to Yushin Okami to be legal, but this will work for now.

UPDATE: Kelvin Hunt has a pretty good compromise suggestion at MMAForReal.