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Several phones, including the popular iSync compatible Sony Ericsson T68i, are potentially vulnerable to having their address book stolen without the owner knowing.
Article here [ZDNet UK]
Slashdot has picked this one up, too. Apparently, the issue goes beyond just reading your phonebook/calendar, but potentially someone could delete or alter records.
While most people "wont care," this is still a major faux pas on the part of Nokia (whose phones are the most compromised).
Nokia has released a statement as well... "Turn off bluetooth in public places."