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Is the Eyeball (it says Privacy Report) on the bottom of the Internet Explorer a safe tool?

Question by Caffelatte: Is the Eyeball (it says Privacy Report) on the bottom of the Internet Explorer a safe tool?
Is it a good thing or bad thing to have the eyeball on the bottom of the Internet Explorer?
When I put the mouse on the eyeball, it says Privacy Report..
My question is,
is it a good (or safe) thing?

Best answer:

Answer by Y@h00!
“A Web site’s privacy policy tells you what kind of information the Web site collects, to whom it gives that information, and how it uses the information. The privacy policies of many Web sites conform to the standards set by the Platform for Privacy Preferences (P3P). A compact privacy policy refers to one that complies with P3P standards.

If a Web site has a P3P policy, Internet Explorer [6-8] can display a summary of the policy for you to review. It can also compare the Web site’s privacy policy with your privacy settings (which tell Internet Explorer [6-8] how to handle cookies). Based on its comparison, Internet Explorer 6 can decide whether or not to allow the Web site to block cookies coming from sites with privacy policies that do not match your privacy settings.”

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