This is still a huge threat, because their "mitigations" are a joke. The only possible way this can be an acceptable feature is if it is built from the ground up with security as the primary concern. You can't "tack on" security at the end and get a secure product.
If security was in any way a consideration, there is no path to shipping anything where the database is unencrypted at any point. Not in an insider build. Not as a tech demo. Nothing.