However, with a fingerprint ID, you can now use a cryptographically strong password to encrypt your phone (which you have to enter on device boot or after 48 hours of the device being idle [1]), while still having the convenience of actually being able to use your phone once it's on via the fingerprint scanner. So I see that as a security win.
Of course, Wired's premise isn't even valid in some countries, e.g. the UK, which have powers to legally compel you to hand over your passwords regardless. For all I know this is true in the US too.
[1] http://9to5mac.com/2013/09/11/apples-details-fingerprint-sen...