EC Directive on privacy

Has anyone read this new directive from the European Council on privacy?
See the URL below to download an English PDF of the Directive.  It isnt
approved by the Parliament yet, but that is expected in a few months.

I am wondering if anyone has worked with the EC on this or is familiar with
the work and knows:

1. If P3P and IE6 will be an acceptable solution for acquiring consent?
2. Is it limited to Personally Identifiable information, or does it also
include pseudonymous information?

thanks
Keith

Directive of the European Parliament and of the Council concerning the
processing of personal data and the protection of privacy in the electronic
communications sector

http://register.consilium.eu.int/scripts/utfregisterDir/WebDriver.exe?MIlang
=EN&key=REGISTER&ssf=DATE_DOCUMENT+DESC&fc=REGAISEN&srm=25&md=400&what=simpl
e&ff_TITRE=&ff_FT_TEXT=Internet+cookies&ff_SOUS_COTE_MATIERE=&dd_DATE_REUNIO
N=&rc=1&nr=8&MIval=detail