I don't seen the downside to verifying your account on a new device before being able to use it. If you have access to the appstore then you have access to Gmail and one simple email to say "Yeah, go ahead and let my friend's iPad buy this app on my account for 24 hours/7days/forever" is all it takes to prevent this sort of thing.
> We don't implement such paranoid measures either in other web-services or in real live, so I find it rather overblown to demand Apple does this.
Google Two-Factor Authentication, Facebook emails you when someone logs on using an unknown computer, Steam does the same, and I'm sure there are more examples.
It's only paranoia until something happens.