I am on your side with this, as if someone finds a problem with the system, they can help rather than be punished.
I was at college back in the late DOS days, the non networked computers would not allow me to type shell in to gwbased, however the networked computers would allow me to type shell and get a dos prompt, I did report the issue as I saw a potential for abuse.
I was 17/18 at the time, so perhaps being a little older gave me that extra sensibility to report, a lot of people would have found a way to probably exploit the system.