T-SQL to generate all rights for the current database as valid T-SQL statements

Tested on SQL Server 2005 & SQL Server 2000
I wrote up a post on sp_helprotect2 previously, but I like this method better, even though they both use stored procedure sp_helprotect to populate the table.

      
--T-SQL to generate all rights for the current database in valid T-SQL statements  
create table dbo.##protect ( 
            [owner] sysname,
            [object] sysname, 
            [grantee] sysname, 
            [grantor] sysname, 
            [protectype] sysname, 
            [action] sysname, 
            [column] sysname 
) 
go 

insert into dbo.##Protect
exec sp_helprotect 
go 
      
select protectype + action + ' ON ' + object + ' TO [' + grantee + ']' 

from dbo.##protect 
where object <> '.' 
order by action 
go 
      
drop table dbo.##protect 
go