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Time of privacy is long gone.
Not really. I cannot tell who you are at all. I can get *maybe* a city and state, but what's reported is wrong often enough that it couldn't be counted at all any way.
I can tell what browser/version you use. What OS you use. What your window resolution is. If you have javascript on or off, and another few things. None of which is personally identifiable at all. I couldn't care less if the whole world knows that stuff. Ask me and I'll tell you. (Note: None of these things are proof of anything, they can all be spoofed if you know what you're doing)
Personally I love seeing the ads that interest me, sure beats seeing dating service and Ron Paul ads all the time. I'd much rather see an ad for a cool Newegg gadget that might actually interest me. Let's not also forget that the more ads get clicked on a site, the more money goes to the site, and the better the site can be. Targeted ads get clicked a LOT more.