I'm not sure the results of this experiment would sway me; unless a chip that I was planning to use proved to be
spectacularly underperforming. So I guess it sounds valuable from that point of view alone, although I'd be most interested in this from a position of pure curiosity alone.
Meh. IoT security is more of a Systems Administration problem than an encryption problem. If you can't even get people to enter a non-default password...
Security, or at least one-way security, doesn't require a password. For example Diffie-Hellman Key Exchange enables TLS (and therefore HTTPS) sessions to be immune to interception, all before any passwords even change hands. Highly secure private keys can be handed out from a central server when a device is first activated, once again making the question of passwords irrelevant.
If someone installs an internet-accessible webcam in their bedroom and leaves the default password on it, well then (arguably) that's just their fault. That doesn't mean that people who know about the value of good passwords should be denied good security, and we (as designers of webcams and IoT thingos) have a responsibility to make this level of security available.
Thus, dismissing security as a problem not worth considering because there are human factors at play is the height of laziness and unacceptable. I mean, if the majority of stolen bank accounts are due to people choosing bad passwords, does that mean that you'd be OK with your bank just giving up and disabling all security on your connection? What on earth are you even saying?
My security-involved friends are making favorable mumblings about things like the Atmel "CryptoAuthentication" chips ( http://www.atmel.com/products/security-ics/cryptoauthentication/default.aspx ), which are chip, small, things with relatively low-speed (1Mbps I2C) interfaces...
So you
do realize that the I2C interface being limited to 1Mbps does
not make a data encryption rate of 50 MBps infeasible, right? If this seems like a novel concept to you, you really do need to read up on Diffie-Hellman as a very first introduction.