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In my estimation, if their system was decently designed, instead of granting anyone access to everything, nobody should have been granted access to anything if there is an authentication problem. Can you possibly imagine a worse system than they currently use (that still attempts to provide security)?

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How do you know what they "currently used"? Do you really think their authentication really defaults to "yes" still?

Depends on what you keep in there. For a lot of people, losing access to their documents would probably be worse than the (very small) risk of someone else seeing them.

But anyway I don't think a discussion of Dropbox's security model is very germane here.

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