>If you lose a phone in the public you should expect that any secrets become public

So, if you lost your wallet, it would be okay if I then knew your credit card numbers? Even if I didn't use them? I promise not to tell...

This isn't clamoring for a police state. It's recognizing that when property is lost, regardless of how, it still belongs to the person who lost it. I'm normally not one for "corporate rights", but in this case it doesn't matter that the entity that owned the phone was Apple. Hell, it could have been the next gen Blueberry (yes, I meant Blueberry) for all I care.