Exactly. Everyone defending this feature seems to miss that point entirely. If I set up my work email on my iPhone and was offered the following options:

  POP3
  IMAP
  Exchange

What would I choose? With those options, one has more "features" and push email, but also allows my company to wipe my phone without asking me. This is not communicated to me through the UI.

I think it would significantly affect my decision over which to use if that information was presented to me.