Under the circumstances, any legal consequences for this student must take into account his intent to perform a public service, to publicize a problem as a way of getting it fixed. He picked a lousy way of doing it, but he should not go to jail for his bad judgment. Better yet, the Department of Homeland Security should put him to work showing public officials how easily our security can be compromised.
Here's hoping that the FBI and the prosecutor involved have a similar change of heart. A Slashdot submitter can dream, can't he?