Consumer Watchdog got their hands on a "secret presentation" in which Google defends its behavioral targeting methods. Reading through the document(pdf), it certainly doesn't seem that scary to me, but they seem to have their own take on it.
I personally don't have any problems with Google's privacy practices -- in fact, I don't even own a tin foil hat. I find that people and organizations like Consumer Watchdog are far too paranoid, and tend read too much into things. I subscribe to the idea that Google collects information to make my life better, but that's just me.
Where do you stand on Google and privacy? Let's hear what you think in the TalkBack!