"Do Not Track" sounds nice, but seems no easier to scope than the initial problem of excessive information collection. I think it's safe to say that I want companies to 'track' me in order to keep me logged in for a session. Likewise, I hope that my bank keeps logs of visitors, so that it can respond to abuse / hacking attempts. Is this aimed only at behavioral advertising, or is it meant to have a broader scope?
It seems like the technical execution is almost misguided without having the policy discussion first and figuring out what it is we disagree with. Without that, I don't feel like this is going to draw a strong enough line to separate people abusing tracking from the legitimate uses.