ARC is still awfully fiddly. Between all the bridging casts that are often necessary and the interaction with strong/weak/etc. modifiers you can put on properties, it's really easy to crash or leak memory with ARC. It's an improvement I guess, but I'm not sure it's much of one, because it lulls people into thinking they don't need to understand the underlying reference counting.
I agree that it's terrible in theory, but it I've rarely had a memory bug slip into the App Store. Would love to see statistics from HockeyApp or others on reasons for app to crash.