Not only do you have free net access if you crack it, you also have free access to any data your victim is putting on their wireless LAN that they haven't taken steps to protect.
For example, your LinkSwarm login goes over the net in the clear (much to my chagrin). If you're sitting in a wireless laptop in your apartment and a Russian nuke spy is in a windowless van on the street outside, without encryption, he can watch you log in and has your password.
And now he can post to your journal explaining how you felch your mom on Tuesdays.