However, Apple has added some extensive security features to deter phone theft in iOS 7, most notably the Activation Lock feature that prevents a lost or stolen iPhone from being activated without the Apple ID password used to erase the phone.
Activation Lock makes it so that even if a phone is stolen, Find My iPhone disabled, and then erased, the phone is still unable to be activated and used without the proper Apple ID.
San Francisco District Attorney came out in support of Activation Lock, saying that "clear improvements" had been made to deter criminals.
Update: Commenters have noted that users can also turn Airplane Mode on from the Control Center by swiping up from the lock screen. Lock screen Control Center access can be disabled from the Settings/Control Center panel. Find My iPhone can also be effectively disabled by turning the phone off.