Yeah, as far as I am concerned, there's a direct conflict of interest between myself and my company when it comes the usage of a device that doubles as a personal and professional device. I understand the company's need to take measures to control sensitive information, and when I do whatever I do on my spare time, I am unnecessarily (from the point of view of the company) endangering the information I have access to. And because of the safe-guards they put in place, they are taking an unacceptable amount of control of a device I keep my personal sensitive data.
Because of this I find it a bit baffling that BYOD ever became accepted practice, both from the employer's side and the employee's side.