Gnome Keyring without password

Everytime I login into my Ubuntu (Feisty) system the Gnome Keyring Manager asks for the password I already provided when logging into the system (via gdm).
This can be skipped by doing the following steps:

1. apt-get install libpam-keyring
2. Edit file /etc/pam.d/gdm and insert the following snippet

@include common-pamkeyring

Note: This does not work if you have enabled automatic or timed login!