From the IRC commentary (2006) "The requirement for emergency escape and rescue openings in sleeping rooms exists because a fire will usually have spread before the occupants are aware of the problem, and the normal exit channels may be blocked. The requirement for basements exists because they are so often used as sleeping rooms. For example, a fire in a mechanical room adjacent to a stair could engulf the only means of egress for the basement without the egress window or door."So a one exit space bothers me too but I am still up in the air as to whether it is compliant. By the above text the intent is to provide two openings in case the primary is obstructed. On the other hand I used to build houses with bonus rooms over the garage and the inspectors would want an EERO. I always argued the point that it wasn't required. The basement with an opening directly to the outside is arguably more safe than the bonus room where the only exit was through the house. And, I have no issues with the door meeting the requirements of an EERO, rather I am questioning whether it is permitted to be the ONLY opening. Still seems to be two requirements, one for exits in 311 and one for EERO's in 310.