GNUCITIZEN has published info on linksys wireless IP cam hacking. It turns out that some designs send the administrator individual name as well as password to the computer when the configuration wizard requests a connection. In theory, somebody might send the request as well as gather your passwords wirelessly. This seems like a quite careless oversight. We would believe that linksys will most likely treatment this before as well long.
Update: part 2 has been posted.
Update: part 3 has been posted.