Correct. I guess when I used the term "login" I basically meant power on. I don't see why there is not an option to require a password when changing from one "user" to another in "offline" mode. It just seems to me a more efficient way to control/limit the content access of the sub-account users as compared to the current setup, while still giving the master account user full access without the hassle of entering additional passwords.
It's really not an issue for me, just a random observation. I suppose since I don't use it regularly the current elegance of Sony's implementation might just be lost on me.
Erm, I think you might be able to password protect user accounts by hitting triangle while highlighting your account and selecting some option, but I'm not sure. I'll have to check.