I know that the bird/compass thing is not going to be a problem, because even a fridge magnet overpowers the Earth's magnetic field, but compasses don't point at other people's fridges.
Stealing is the real problem, but I guess we will have to live with it. Or make the range of it just enough to cover the center of your home or something.
Or
We could combine that technology with mini-nuclear reactors:
http://www.msnbc.msn.com/id/27845359/And construct megalithic structures at the center of cities, into which anyone can tune into. (Electricity being a human right etc).
Then we could call those structures:
Pylons.