Brilliant!
Gotta love it when a corporate megalith like Apple messes something up this badly, they deserve to lose the money if they can't invent a secure payment system.
Presumably they will still pay the artists their pitifully small cut when someone uses fake credit to buy an album?
Glad I don't have iChewns anywhere near any of my computers, there's probably a gift code that can make it download malware... :o)