Re: a step in the right direction...
Kill Switch legislation is for people who can't afford a replacement phone.
When items like this are lost, or "stolen" (usually "Left Behind" is the most accurate words), it's usually because the owner makes a conscientious decision. They also don't personally believe the phone or device is has value to purchase insurance.
Point being, often, people (especially women) say their phone was "stolen" so they can be a victim of circumstance, instead of being empowered to make a decision.
As things are more connected by the internet, it seems that personal responsibility is the most important fleeting skill of the younger generation. Just remember, one of Steve Jobs' finest developers left an iPhone at a bar, probably to pick up chicks. That phone probably wasn't worth much to that Apple developer that left it behind!
In any situation, whist continuing on the existing path, Apple will most likely become the next Nortel within 5-10 years; but unlike Nortel, Apple's business model is based on egos, and token trophies. (the younger generation loves this..!)
With Apple's $180B in cash, I think a lot of people are paying Apple too much for a brand name. Margins like this are absolutely obscene; and it doesn't take much thought to figure out the price is set too high, and consumers are getting unreasonably screwed by Apple's monopoly on these types of patents.