This was discussed in the last article on NFC... basically, all of the other radios in the iPhone are long range, and could allow for someone to capture the wi-fi/bt data as it's being streamed. Because NFC has a range of ~4cm, no one would be able to wirelessly hack the signal, unless they were standing on top of you.
I think people are referring to "Home on iPhone" feature and not NFC in general. In this feature NFC really makes no sense. If your home is stored in the cloud then why would you need iPhone in that equation? Just login on to yor MobileMe account and its done. If home is on iPhone then you would rather be using USB cable then BT for transfers (in NFC initiated pic transfers BT is used). Yet again, why NFC? NFC is good for payments, business card transfers, Pic sharing (zero config -> BT transfer) etc. but I don't see it having any purpose here. Even more so NFC has maximum theoretical transfer rate of 848 kbit/s so its dead slow for data transfers (good for tiny stuff).
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