Wavesecure?
Shurely this is a lot of the functionality that Wavesecure provides (and I just bought a years' worth of).
The look on my face when, in the office, I 'try out' the 'Lock And Alarm' option - my phone locks up and starts SCREAMING at top volume!
And now I've rooted my Hero, it will survive a hard wipe AND is able to switch on GPS even if it is off. For (approx) 7GBP a year - I'll take my chances here thanks (unless I upgrade to the few phones supported there in future).