Comment 3 for bug 983741

I agree, I'm not sure why it got marked as security issue in the first place (I believe apport did this based on some criteria).

For what it's worth, this bug which affects oneiric does not affect precise. Precise would handle the incorrect repository location gracefully and return an error message of:

Cannot access PPA (https://launchpad.net/api/1.0/~speed-dreams/+archive/pp) to get PPA information, please check your internet connection.