Just to keep things in perspective, the goal of Touch ID is not to be unhackable. The goal is to get more consumers to move from zero security to pretty good security. A very large number of people don't put any kind of passcode of any kind on their phone, simply because it's inconvenient. Touch ID is designed for them. It's not designed to secure nuclear footballs. Touch ID is going to massively reduce the number of…
Whatever the case, maybe we should step back and get some more perspective. How many of us don't put locks on our shared computers and phones because we don't want the inconvenience of ensuring everybody that should be allowed to use it can? My phone is a shared device and I removed any and all locks on it as I got very tired of "oh, let me unlock that for you." Basically, I want everybody that can reach it physically (when it isn't lost or stolen) to be able to access it and make calls, surf the web, use the map, search contacts, play games, etc. Is any phone locking mechanism going to work perfectly, probably not. Being able to set up my phone to unlock for anybody in my family and friends circle by something like fingerprints is a pretty good start.