Right, I'm not arguing against any of that. The point is if it's going to be that insecure, Chrome should make more of an effort to make it clear. They could do this by displaying a warning alongside the prompt to save a password.

Also, just because some people will be able to access the passwords with physical access doesn't mean it's not worth doing basic/unsecure locking. I'd rather use a system where people need to have the know how to use keyloggers in order to break, over one where Joe Schmoe can walk in and take everything.

In the end I have always known the security issues with saving passwords so I don't save any banking passwords or email account passwords in any browser.