I think the exception safety part of mr mpark's answer is still a valid concern. when creating a shared_ptr like this: shared_ptr< T >(new T), the new T may succeed, while the shared_ptr's allocation of control block may fail. in this scenario, the newly allocated T will leak, since the shared_ptr has no way of knowing that it was created in-place and it is safe to delete it. or am I missing something? I don't think the stricter rules on function parameter evaluation help in any way here...