Yes you read the subject correctly.
This is really dangerous,
http://esec-lab.sogeti.com/dotclear/index.php?post/2010/11/21/Presentation-at-Hack.lu-:-Reversing-the-Broacom-NetExtreme-s-firmware
and reminded me of a quote I read a long time ago that the security guy has to do everything right but the hacker has to do one thing right :)
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