It's a hazard and its usefulness needs to be balanced with other needs, but on a work machine that belongs to me, it could be useful. Now, if my boss has unfettered access to this data, or any of it is online, then obviously it's a no no.
Understanding the implications of tools like this is necessary. I'm not too optimistic that the general user will fully understand these implications though. That's one of the main danger with these technologies: promises are made, people don't think twice and overshare, and the data is used against their interests.
However, I want it to exist, MS or Open Source, preferrably, but only if I get 100% control over it, and it is never accessible to anyone else.
Having said that, I'm very much aware that most implementation of these tools will become a security and surveillance nightmare.
The next few years are going to be interesting, and probably frightening.