If you sign up to this program and use one of their devices for 'research', then you are bound by contract to report any security bugs to them and only them (unless the bug is in a 3rd party app). I see this as a pretty sneaky way of avoiding your security vulnerabilities going public and all the bad media exposure that goes along with it.
It is giving security researchers something they have always wanted in return for their silence. Another way to put it is bribery.
It is giving security researchers something they have always wanted in return for their silence. Another way to put it is bribery.