This 'vulnerability' doesn't contact the victim, so it can be done in combination with, like the report said, a phishing scheme to gain the real names of the users of an email list.
I'm not saying that this is some massive privacy issue. It opens up a vector to make other attacks, specifically email based attacks, seem more legitimate, which is a bad thing.
Either way, my main point stands. This isn't a major privacy issue. Though, I've always been taught that when developing an authentication mechanism, one should not distinguish between a bad password or bad email address/user name in the error message provided to the user. Specifically the latter, since a "Invalid password supplied for John Doe" gives confirmation that the username provided is valid, and a bruteforce or dictionary attack on the name will probably successful.