Tagging pictures on facebook seems like a harmless enough thing ... but is it??

Facebook recently spread it's "photo tagging" program to the rest of the world, reigniting a debate over privacy.  Read more here from yahoo.com.

I always take my right to privacy (ALL my rights for that matter) very seriously but; I'm kind of torn on this one.  Doesn't seem like that big of a deal, but it could become one pretty quickly!  What do you guys think?  Time for another un-official poll:  Is this good, bad ..... or do you not give a crap?