The link indicates that you can make calls on it by hitting “emergency call” on the lock screen (it doesn’t just restrict you to calling 911, etc).

Sure, that’s annoying. But I can call AT&T and have them cancel the service on the phone.

But I don’t have to worry about my 1Password data, my email passwords, my OmniFocus info, my calendar and contact information from my address book, etc.

The ability to make calls is a problem, but it’s hardly my greatest concern.

Unrelated: I still need to figure out how to make a new wallpaper with my “If found, please contact” information.