This is - at best - a temporary solution.
Seems the key is being able to unsolder a chip ... I am sure it's not beyond the wit of man to circumvent this.
In fact I would expect such circumvention to feature in the next iPhone iteration - it's more useful and exciting than the lack of a headphone jack.
Off the top of my head:
1) Physical protection - any attempt to unsolder the chip destroys it
2) Device key encryption - the *correct* NAND array contains a key which generates the rigth reponse to a challenge. Something an impostor can't.
3) Some small explosive devices with acid which trigger when the case is opened.
(I may have made that last one up ...)