This is actually a security bug for users of Chrome / Chromium. Chrome will 
store passwords in cleartext if gnome-keyring isn't functional. This is 
mentioned in the upstream Chrome disk encryption bug 
https://code.google.com/p/chromium/issues/detail?id=25404

$ cp ~/.config/chromium/Default/Login\ Data x.db
$ sqlite3 x.db
sqlite> SELECT username_value, password_value FROM logins;
billg|passw0rd
sqlite> 

** Bug watch added: code.google.com/p/chromium/issues #25404
   http://code.google.com/p/chromium/issues/detail?id=25404

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You received this bug notification because you are a member of Ubuntu
Desktop Bugs, which is subscribed to gnome-keyring in Ubuntu.
https://bugs.launchpad.net/bugs/932177

Title:
  XFCE (and other non-GNOME) desktops do not initialise gnome-keyring
  correctly / WARNING: gnome-keyring:: couldn't connect to PKCS11

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