Sprint's New App Finds Your Phone and Wipes Your Data

"With the TEP app, you'll be able to track your phone via a web interface, force it to sound an alarm even if muted, lock it, and finally wipe your contacts (which can later be restored once you get your handset back)."

This looks like a nice perk if you're already paying the $7 a month for the equipment protection plan, but I doubt that it's enough of a benefit to get people to sign up for the program, especially with so many solutions out there which are either free or have a one-time fee associated with them that do so much more. If you're with Sprint, is this something you're inclined to sign up for? What do you do to keep your phone safe and your data secure? Let us know in the forums.