Seems that Apple have introduced some glaring security holes to OS X Lion ... this is classic text-book stuff.
http://www.theregister.co.uk/2011/09/19/apple_password_security_exposed/
I don't think we'll be hearing many whines from the fanboys about Microsoft security for a while :-) Or at least until they patch up their own mess and act like it didn't happen ;-)
Read the complete post at http://wmug.co.uk/blogs/r0b/archive/2011/09/20/apple-security-is-for-non-turtleneck-wearing-folk.aspx