Dropbox got depantsed

In a post from Miguel de Icaza, it seems that Dropbox got caught in a misstatement. Now, I love Dropbox but never thought that it, or the vast majority of online file storage, is secure. Dropbox just made changes to their policy to facilitate subpoenas to produce customer data. Not that big of a deal since everyone obeys the law. However, it seems that Dropbox has always said they didn't have access to the data and its completely encrypted. This, it would seem, to contradict their ability to produce said data. It wouldn't be that big of an issue for all of us if it weren't for the fact that it's the top used app for file storage on iPad and iPhone. This bundled with companies adoption of those products without a good security platform to lock down use, Data Loss Prevention, application inventory, etc makes corporate data stored there very problematic.