Is the new E-Biz privacy technology already moot?

Kelly McNeill writes “Embedded in IE 6.0 is the first incarnation of a new privacy platform standard established by the World Wide Web Consortium (W3C), called the Platform for Privacy Preferences (P3P). P3P allows consumers to put their privacy preferences in their Internet browsers. The software using the browser to automatically read the privacy policies at the Web sites visited, and alerts consumers if they enter a site that does not meet the personal privacy requirements they entered.”