What's interesting to me isn't so much this story. I expect we'll continue to see more and more security related news from Apple until they finally get serious about their security.
Rather, it's interesting how the majority of the posts on this forum is about whether posting this story was right or wrong. Or about the morality and potential fall out for people who used this hack.
Kinda missing the white elephant in the room there people.
Likely because not many of the posters in this thread consider this a security issue, myself included. A security issue would be the ability to download a rogue app from the app store, or someone hijacking your iPhone by visiting a seemingly innocuos site.
This is a loophole that allows the user to bypass the need to purchase in-app upgrades/purchases. With security related issues, the user is the victim. Here, the user is the perpetrator.