This is my last post in this thread. I’ll just summarize by saying that you never have a 100% clear picture of what kind of security threats you will have when the packets travel across someone else’s network. If you are sending your passwords across the wire, and it happens to hop across Joe-Bob’s improperly secured or hacked router then you’ll have a security issue. The idea behind encrypting your important messages is that it doesn’t matter if it is intercepted (which, incidentally, isn’t like physical interceptions-- you never know it happens and the intended recipient still gets the transmission). If this was all stupid “outdated” paranoid nonsense, then why do banks do online banking with encrypted sessions? Why do credit card transactions go across various versions of SSL for online shopping? I don’t think that they would be spending tons of money on extra hardware to support extra software to run these technologies if they didn’t need to protect their information from hackers.
Chet, if you’re cool with transmitting your information over e-mail without HTTPS, GnuPG, or any other protective measure, then go for it. It just seems like you are playing with fire to me. When you end up transmitting something important, and you don’t have a practice set for securely doing so, you’re placing that information in danger.