Re: No - it's binary
No, its not exactly binary. True, if you make software vulnerable then suddenly everyone's phone and tablet can be accessed, probably remotely, and with very low cost or discoverability. That will open the doors to more abuse of such powers in exactly the same way the NSA, GCHQ, etc, decide that spying on all of us "just in case" was OK.
What if the key could be accessed by physical forensics, e.g. by grinding the top off a chip and using an electron microscope to read it out? Bingo! The law can access the phone if it is important enough but the time and cost, along with the need to basically destroy the phone physically, means it can't be massively abused in the way a permanent backdoor (key escrow) or software bypass (as the FBI are currently requesting) can be.