Hi,
i'd say there are several reasons to encrypted the content store of alfresco, without being limited to properties, starting from specific security standards to privacy reasons. ACLs you'll teach me are just one random and mandatory security controls over a huge list. Specially in the produciton environemnt where sensitive data is stored. What if the disk containing the content store is breached or physically stolen? Assuming i have not yet a clear idea of what's the benefit of encrypting properties rather than the content itself as i've just started looking at encryption within alfresco, i definitely disagree with that. Encryption is neede during, storage, transportation and processing of data, not only in one of those 3 cases. As i am protecting sensitive data through alfresco this statement might scare me and convince me to chose other options. Fortunately i love your technology and i'll hopefully be able to provide encryption to the stored content in a different manner.
All the best,
Sisao.