Earlier quoted context omitted.
Nerd outrage hyperbole much? This is an OPT IN service. You know, only for people who WANT to use it? If it causes you this degree of apoplexy, you are in luck: you don't have to use it.
This service shouldn't exist. It breaks the very concept of email security. They're marketing it as though it's safe. Want hyperbole? Imagine Bayer marketing heroin as safe because you know, it's opt-in.
LI, Google and Facebook have always wanted your third-party email credentials for Friend Finder-style features. The only difference is that this time we cannot even hope that they delete them after logging in once. Security-wise, it's all the same.