Then I read this: http://www.theatlantic.com/technology/archive/2012/03/reading-the-privacy-policies-you-encounter-in-a-year-would-take-76-work-days/253851/
78 days - wtf !! I can't bear reading legalese for an hour and I am being sued all the time. 78 days for an average user is just crazy. And that assumes they understand what they consent to.
Maybe this is a case where the EU got it right after all. What do you guys think?