"Apple released an advisory that indicate that the Mac OS X 10.3 upgrade--which adds an improved Finder menu, better synchronization of files and a tool to help users find a specific window on a crowded desktop--also includes more than a dozen 'security enhancements'. However, Apple apparently doesn't intend to fix the flaws in previous versions of the software: Apple's Security Updates Web page doesn't list fixes for the flaws in Mac OS X 10.2 and earlier," says CNet. "Microsoft provides support for its products for about five years and releases service packs every year that include all the enhancements to the software. Microsoft doesn't charge for the service packs."
Update: "Apple Computer said Friday that it plans to issue an update to older versions of Mac OS X to fix security flaws that were patched as part of the new Panther OS," says CNet. For info on some of the security flaws in Jaguar, see MacCentral.