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Major Android Security Flaw

I mean, major:

The Bluebox Security research team – Bluebox Labs – recently discovered a vulnerability in Android’s security model that allows a hacker to modify APK code without breaking an application’s cryptographic signature, to turn any legitimate application into a malicious Trojan, completely unnoticed by the app store, the phone, or the end user. The implications are huge! This vulnerability, around at least since the release of Android 1.6 (codename: “Donut” ), could affect any Android phone released in the last 4 years1 – or nearly 900 million devices2– and depending on the type of application, a hacker can exploit the vulnerability for anything from data theft to creation of a mobile botnet.

That's bad, right?