I like to post links to Secunia search results to demonstrate (in numbers) how insecure a certain CMS (or blogging software) is.
See http://stackoverflow.com/questions/447878/what-are-some-of-drupals-shortcomings#450002
But there was an interesting comment to this answer:
It's also important to note that Secunia only publishes vulnerability reports that are explicitly announced. I've worked with other CMS packages that tuck important security fixes in minor releases with no announcements at all. Drupal has a 15 person secteam that reviews core and all 3500 addons and officially announces the security patches, no matter how minor, as a matter of policy.
Are there any studies or articles which take this into account when comparing Content Management Systems?