Worth noting they have already edited the article (less than 2hours later) and taken out the "We will never log your IP" bit...

"We committed to never writing the querying IP addresses to disk and wiping all logs within 24 hours."

"While we need some logging to prevent abuse and debug issues, we couldn't imagine any situation where we'd need that information longer than 24 hours. And we wanted to put our money where our mouth was, so we committed to retaining KPMG, the well-respected auditing firm, to audit our code and practices annually and publish a public report confirming we're doing what we said we would."