I was trying to figure out why so much fuss was being made this as it seemed like a non-issue, but this article makes some good points.

"Justin Schuh who is head of Chrome security and called me ďa noviceĒ, says Iím wrong, and that this is not going to change.

Sir Tim Berners-Lee is with me. Is there a higher authority?"
Chrome’s insane password security strategy

"Mozilla's Firefox, an alternative and rival to Google Chrome, has avoided this issue with the use of a master password, a password that one must enter before being able to view all stored passwords. This leaves Google with the choice to either follow its competitors and offer similar options, or to recognize that users may decide to start looking elsewhere for their web browser."
Google Chrome security flaw exposes your saved passwords