That's not how GPS works, just so you know. Also, several point and shoot cameras already have this technology and it's been recieved very well. It makes it significantly easier to tag/organize photos when they all have the Latitude/Longitude at which they were shot.
and as far as someone 'hacking' it (you referenced Paris Hilton) that is in no way possible. Cell phones are different as they have network connectivity, be it GSM, GPRS, 3G, Wifi, etc. Those pictures were taken from 'cellphones' due to a flaw in a service offered by T-Mobile in which your cell phone numbers, pictures, etc were essentially backed up to their servers which were web accessible. Security was comprimised on the servers which had the contents of the phones. The phones themselves were never comprimised, and had they been it would have been IMPOSSIBLE to do via GPS.
GPS != data connection. You can't send pictures over gps, you can't send text messages over gps. Gps is EXTREMELY slow, so slow that it takes a gps reciever 30 seconds to find out what time it is (30 bits/second). To transmit a 5 mb jpeg over GPS (which is impossible) it would take 388 Hours. That's 16 days, for 1 5mb jpeg.
It's also worth pointing out that there's a difference between a GPS reciever and a GPS transmitter. A camera would only have a reciever, meaning it could only recieve GPS data (ie Time and bearings) and would be technically unable to transmit any data of any kind. Some cell phones MIGHT transmit gps data, but it's not entirely necessary as depending on the area a cell phone can be triangulated by using the towers inside of a couple hundred meters (in some areas only down to 1000 meter radius). But still, it's not worth the cost to put in a transmitter that would not be used in the vast majority of the units.
So yeah, if the m9 did/does have a GPS in it, it is technically impossible that the security of your camera could be 'comprimised' in a way that you pictures could be stolen from the camera. The very worst that could happen via gps is that you could get wrong GPS data, and you'd have the wrong location and/or time on some of your pictures, but even then it would require a great deal of effort to do something so trivial.