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I'm the creator of the video. Just to clarify a few things:

1. I'm not against better privacy. Just a poorly written law.

2. The law doesn't just cover cookies - it also applies to HTML5 Local Storage, Flash objects etc. "Cookie Law" is a popular abbreviation.

3. It may not be realistic to challenge the law, but I believe we should try.

For those doubting the veracity of these claims, here are some references:

KPMG: 95% of UK websites not compliant with law http://www.computerworlduk.com/news/it-business/3350059/95-p...

TechCrunch: Stupid EU cookie law will kill our startups stone dead http://techcrunch.com/2011/03/09/stupid-eu-cookie-law-will-h...

Wired: The EU's legal war on cookies is barking mad http://www.wired.co.uk/news/archive/2011-05/11/cookies-regul...

BBC News http://www.bbc.co.uk/news/technology-13541250

The Guardian http://www.guardian.co.uk/technology/2012/apr/13/new-law-coo...

Plus of course the site mentioned by the video (my site): http://nocookielaw.com/