I have imap account configured to be turned "offline at kmail shutdown." After quitting kmail or sometimes before I even launch kmail, even when offline akonadi would trigger pinentry asking me for my password to access my email accounts. Expected result: with no network connection akonadi should be leaving all email accounts offline and not attempting to connect. For accounts set to be "offline at kmail shutdwon", akonadi should be leaving these accounts offline and not attempting to connect.
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Still appears to be an issue with current PIM master. See also bug 334170 for IMAP always being set online at KMail startup.