Agreed. One that has bulleted, clearly defined bright lines is better for user peace of mind and, you know, for the main reason Privacy Policies are written: legal liabilities.

More imporantly, I'm not interested in just "trusting them or not trusting them". I'd rather trust a privacy policy. Although Facebook has taught us that changing them silently, creating new privacy settings and defaulting them to open, and opting people into Instant Personalization and just HANDING OUT their information is... well, one way to do it.