There are many differences between the new and old privacy terms for Gooogle.  The first one is that Google can now access your personal emails for search purposes. The second is that you can't dissagree to the terms of google on the new privacy terms. The third is that they will improve in the area of copyright and trying to prevent it.

The article on the Google privacy issue on CNN.com is all about google explaining the reasoning behind the privacy settings. many people say it is a bad thing to do what Gooogle is doing but Google disagrees and they tell why in this article.