Wow! Serious Invasion of Privacy

Spoke.com seemed like a good idea to me...until I read the fine print!  I won't say it is a scam, but it sure smells like one.  The fine print says that Spoke:

"may collect Your Submitted Information from your e-mail client (in conformance with privacy preferences you select) and transmit that data to Spoke’s database server for use in the Service, including the Spoke network and your personal “SpokeBook”. Depending on the privacy preferences you select, Your Submitted Information may include, among other things: (a) your address book or contact entries, (b) the header (including “To” and “From” information) and signature information from your e-mail messages, and (c) if you authorize, the subject lines and first 256 characters of your e-mail messages. Your Submitted Information will be indexed and analyzed in order to identify your contacts and to estimate the strength of your relationships with them. The strength of your relationships is determined by, among other things, how often you e-mail, and receive e-mails from, your contacts. Spoke also collects and accesses information concerning your selected privacy preferences to establish and deliver the Service to you."

In other words, "We only want your entire contact list.  Oh' and the subject line and content of your emails!" Wow! 

 I quoted it verbatim so as not to mislead.  Note that they do offer certain user controls. But they would be more trustworthy than Facebook.  I mean, they would try to sneak in a little change here and there when you were offline.  Would they?

What's your take on this?  

Oh, I almost forgot my FCC disclaimer:  Spoke.com did not send me a bicycle, or any money, or even a free 10 day trial, during which they could upload my entire address book and monitor my email content.