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It's actually a really nice feature slap your photos into iphoto and it'll map out where you took them all. Great if like me you just go out!
 
meh, nobody else of the 30 odd million people seem to of picked up on the fact that it could pose a security risk, so i think i will follow them as well.. :)
 
I have reset my location warnings and made sure to not allow my camera to do this anymore. As all I had to do was download "ExifTool" and "ExifToolGUI" and click on any of my iphone photos and it gave me the exact latitude and longitude coordinates that I just had to put into google maps to find where the picture was taken within 5 meters.
 
Preview shows you a map of where the picture is taken too, so you didn't really need to download anything, just fyi.
 
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