So what you're telling me is,
1. Someone must first steal my iPhone (already difficult considering how deep my pockets are, or how much it's in my hands).
2. They must hurry home and jailbreak it.
3. They must download the script.
4. Once they have my passwords, they can break into my email and see all of the pictures I sent to friends, or the documents I wrote for school.
5. Once they have my passwords, they could get close to my condo and (god forbid) use my wireless internet!
6. ...all before I sit down and goto
www.me.com and push two buttons to Remote Wipe.
[sarcasm]
Well jeez, I guess I'm convinced. Guess I'd better switch to Android.
[/sarcasm]
psst, I think stealing a credit card is MUCH more detrimental...