I thought it had a 1,000,000 in one shot of fooling it..
Never trust someone who quotes round numbers without tons of paperwork supporting it. It's called a bluff. I am sure Apple worked plenty on making this technology fairly secure, but unless you combine retinal, facial, fingerprint and DNA, it's going to be only that: fairly secure for most people not to bother ever trying to unlock it. What I find funny is how they "missed" the twin scenario which is obviously going to fail.
The good news for law enforcement is now that they can generate a criminal's face, render it 3D and unlock the phone without needing the person's passcode or chopped up finger. This, in my eyes, is a clear response to FBI and government requests of handing over data. Apple will not do that, nor will it compromise their encryption algorithms with back-door access, but created a front-door that allows someone diligent enough to unlock it, so everyone's happy. Apple (sort of) keeps its promise to consumers, law enforcement gets access (if they really want to).