Aromulos.
Whilst on the face of it what you say maybe true, as new passports are going to be issued (according to the report) then Passport Office will need to be certain of what happened and be sure that the genuine holders were not implicated in any way.
The UK authorities will also need to know whether their system was compromised (in which case they would need to tighten up) or whether the passports were total fakes/forgeries.
I also believe that when/if they discover what really happened then there should be some action taken, if only on a diplomatic level, to discourage anything similar happening again. After all, genuine passport holders need to have confidence that their passports will be accepted as genuine and that they will not be treated as being suspect.
Just on the argument that is always put forward of how much an investigation cost: As the officers are employed and thus would have been paid whatever they were doing, the real cost is only the additional costs which are incurred.