This whole CarrierIQ situation....

So how do all of you guys feel about this CarrierIQ privacy thing? I find it extremely creepy and I'm very surprised something like this went so long without being found in all of the Nokia htc and Samsung phones.

Am I just over reacting? Is this really no big deal and I'm just having a little freak out session? Does anyone think iPhones have something similar to this problem too?