Debate over Solove and Hoofnagle's privacy proposal

I blogged a little while ago about a new proposed privacy regime put forward by Daniel Solove and Chris Hoofnagle (see PIPEDA and Canadian Privacy Law: Daniel Solove, Chris Hoofnagle propose a new model privacy regime for the United States) and I've been waiting for Denis Bailey of the Open Society Paradox to comment on it. He's posted a summary of his thoughts on his blog, which provide food for thought: The Open Society Paradox: The Whole Kit and Caboodle - Solove and Hoofnagle Go For Regime Change.