Though, I always feel kind of bad about the whole torch-and-pitchforks almost certainly resulting in some poor sap(s) working 24/7 to fix the issue ASAP when it really could have been fixed, oh, Thursday. (assuming the absence of malice, it's just important it get fixed reasonably soon) Especially considering they doubtless have all kinds of other major issues on their plate- like the server load problems.
As much as I don't like the torch and pitchforks approach; this is the kind of oversight that should be found long before an app is released. It also shows that the market won't tolerate broad security overreaches.
I certainly want to try Pokemon Go, but after seeing these articles, I decided to wait.