A *little* legal stuff?

I think we're going a little overboard here with "Loopt".  I remember Phil and I actually did a project along these lines for an Info Sci class - we called it "Linkables" (had a bit more to do with social networking).  Obviously we didn't actually create it - we just put together the idea for it and designed a possible interface (it was a design-oriented class).  And I think we even thought more about privacy issues that Loopt:

I ACCEPT; A little legal stuff before you finish! Loopt shows your phone's current geo-location to Loopt friends (even when the Loopt app is not open). Click ACCEPT to consent to: (a) the use, display, & disclosure of your phone's location to provide Loopt to you & your Loopt friends, geo-tag your messages & content, and otherwise as in Loopt's Privacy Notice; (b) receive text messages; (c) pay carrier data, messaging, & other charges or fees from Loopt usage; and (d) Loopt's TERMS OF USE & PRIVACY NOTICE, which is a binding contract between you and Loopt.

Yeah, you know, just a little legal notice that all your "friends" will know exactly where your phone is even when you're not running our application.  Ridiculous.  Combine this with using Twitter and you life is literally public.