While two factor auth is probably overkill for just unlocking a device to many people, I would like to at least have the option.
One of my concerns is that if your device is ever taken by an organization that has the ability to command your fingerprints then they can quite easily unlock your device negating any encryption.
Also while I think its unlikely right now for criminals to make fake fingerprints in order to steal financial transactions, its a flaw and ApplePay is going to financially motivate those criminals to look into ways to refine the process and make it easier to do.