iPhone 2.1: Automatic Secure Wipe after Passcode Failures

What if it's an honest person who found your phone and they are going to turn it in, but since it won't shut up, they just toss it in a bush and say "shut up!"

Then my personal information is safely hidden in the bush!

However, I have a better idea. How bout' if Apple lets us define one screenful of text (or maybe text and an image) that is to be displayed when the password is repeatedly wrong. We can put our own message there, giving contact information if we want, offering a reward, chastising an assumed thief, thanking an honest person for returning the phone, or whatever else we want.