Giving automatic access to all passwords isn't good idea, but I think it should be allowed. I didn't like keyring applets on other DE's, as I don't like popping windows. Integration is very good idea. You'll need that passwords sooner or not it's smart to unlock them on the start-up.

But I think it isn't important right now. Here is what I suspect. This is not yet fully implemented feature, and will be fixed soon. It's not a bug because it's left intentionally. I found some things like this recently, for example inability to resize settings window.
But I can't be sure.