One day somebody will figure out how to make those things overlap, and they won't have to write any content anymore.
Great in theory! Let people know what cookies are and the privacy implications.
Absolutely terrible in practice since any non-trivial site with user accounts will require cookies to use. It's as useful as the peanut warning on a package of peanuts (although at least that exists to save taxpayers money).
Any site large enough to have anyone with the title that includes "Marketing" on the payroll means they'll be using some form of analytics and will need the warning.
It's sad that removing the webdesigner's control is making the web readable again.