That's odd. I guess the implication is that iPhone hsm is broken (or they can get past a short pin via an exploit that allows brute forcing - typically an hsm should (be possible to configure to) permanently destroy the keys after N attempts).
I suppose it demonstrates that secure encryption requires the user to memorise something equivalent of 96-128 bits of entropy, that will be used for key derivation.
[ed: i suppose it's conceivable that there's an attack against how the iPhone generates symmetric encryption keys, but I would guess that's less likely]