Thanks for the replies.
How is it that our version (4.0.3) does not have that feature?
This endgadget article is dated December 1, 2011 (which I am assuming makes the version featured int he article 4.0.2 considering the release date of 4.0.3 was a few days later) and states that having it on the lock screen is a feature:
Android 4.0 Ice Cream Sandwich review -- Engadget
Also, does widgetlocker takt he place of a launcher? I am currently messing with Apex and Nova.
Thanks!