Its only as strong as your password. If you want to secure terminal server connections you can do any one of the following things:
Don't expose the port to the whole world. In other words, in your firewall rule for terminal server, say incoming from - and put specific IP's, if you can. If you are going to have people connecting who may be on dial up or from hotel's, its won't work. But if you have workers at home on highspeed connections, its a little easier to do.
Make passwords very strong, no less then 8 characters, alpha numeric with additional characters and CaSe <!@#$%> and change them often.
There is a a policy you can turn on that will bring up a warning at logon, this prevents people from using password cracking programs. Terminal server will allow three logon attempts before disconnecting, this popup warning defeats programs that try to 'grind' passwords by using dictionary/password lists to guess. Also, you can configure the username to be blank, so it would have to be entered at each login, that also defeats these programs.
AM