You only get one attack aside from the readied action. Firing one arrow (for you) is a standard action, and you only get one per round. Unless you have Rapid Shot or some other form of making two attacks per round then I dont think you get both shots.
Regardless, I'm not down yet.
My HP: d6 WaM, +2 con, -1 quick trait
I'm at either 0 hp or -2. I have Soulmeld Rageclaws, which lets me function normally until dead (-10).
If you can't take the second shot, you can retake your turn from after the first shot, and we can say the 5 ft step didnt happen (since you can't move and 5 ft step). Or you can leave it as is. I'll take my turn when I know
EDIT: Also, you almost critted me with both those shots.... Jerk