I'm sure the deadline is May but I'm too lazy to search for a link right now. A few questions: 1. What will happen with blogs on blogspot? 2. How are they supposed to create a privacy policy page? 3. You can't create a page in blogspot so you must publish it as a post? Which would be too ugly.
sorry, i was wrong. the deadline is actually by May 25th. if you don't accept the new updated TOS by May 25th, you won't be able to login to your adsense account. so the deadline for implementing the new privacy policy is therefore May 25th
Here is an automatic privacy policy generator. http://forums.digitalpoint.com/showthread.php?t=732964&highlight=privacy+policy+generator