"...Precise location data, including the real-time geographic location of your Apple computer or device" according to the user agreement, which of course is entirely optional. However, if you don't click "agree," you can't use your Apple device or iTunes, so optional is perhaps not quite the right term. The site calls this "creepy."
Consumerist does have a history of alarming, if not vague, headlines. It once claimed famously Facebook "owned your content forever" but did not actually check with Facebook as to the accuracy of the statement. Then Facebook privacy officer Chris Kelley called the whole claim "nonsense."
Of course, one can find issue with just about any terms of service. The terms of service statement for the site you're reading right now says: "NBC Local Media is not responsible for any incorrect or inaccurate content." Which means we're totally covered when we declare Newt Gingrich is a Communist and we have proof.
Also note the line "Under no circumstances shall NBC Local Media be responsible for any loss or damage, including personal injury or death." Don't even TRY pressing the "F5" key on your keyboard while on this site or you'll find out why we have THAT disclaimer.