This appears to be fixed in boto at http://codereview.appspot.com/4425052/ .
That went into trunk ~ April 18 of 2011, which was prior to boto 2.0 release
(which is in 11.10).
I've done some remedial testing and verified that a ~/.boto file with the
following reads the packaged boto file
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https://bugs.launchpad.net/bugs/611194
Title:
No secure way to protect against MiM attacks
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