I think it's important not to knee-jerk in favor of everything that could help to catch criminals. From my own post history on Ars (I use the same nym there) you can see that I am strongly against dragnet communications surveillance and strongly in favor of secure systems with no back doors for government access. But I think it's also important to not knee-jerk against every technology that can increase the effectiveness of law enforcement.
This particular approach seems on balance positive to me: it's targeted at catching already-known criminals. It's not invasive of the privacy of the general public. It would be a bad tool to have in the hands of a totalitarian dictatorship, but so would any effective law enforcement system.