Another reason to call Microsoft on their PR stunt BS about prioritizing security first.
Maybe for a local setup this isn't much of an issue. What about cloud environments? Shared workstations? I can see the headline now: "Fired employee caused data breach even after their password was revoked - company tells the court that Microsoft should be liable". After that happens I'm sure Microsoft would change their tune.
On the bright side, this hasn't happened yet (to my knowledge), so maybe the risk is overstated a bit much. But it isn't good practice by Microsoft. Sometimes breaking compatibility is the best thing to do. But, half of Microsoft's fortune is built on being compatible with legacy apps, otherwise it's unlikely Windows, Office, and related applications would have had such penetration into the enterprise market for so long.