This sucks.
I have no regrets as to what I have done, or were I have been in my lifetime. I liked the ability to look back over the time I had my iPhone 4.
But honestly people, the iPhone (and most other smart phones) are;
- Wirelessly network attached
- Have a Microphone (usually mutiple)
- have a camera capable of video / still images (usually multiple)
- are GPS aware
- have motion sensors of some type
- make logs (of various types)
- have gigabytes of storage
- most sync to systems which are connected to the internet in some form
- And all running on software with known (and likely many unknown) vulnerabilities.
With some smart software installed, I am sure your phone could know more about you than your closest friends or loved ones.
Personal and data security takes a bit of work and effort. it can't simply be installed, or patched in an update. If you take security seriously, software "bugs" like this shouldn't be an issue.