Oh no, not the Privacy Policy!

Seriously though, the presence of a privacy policy gives little comfort when both the website and the Privacy Policy are very careful not to identify who is hosting that domain with Godaddy.

Far as I know, the binding nature of a site's privacy policy hasn't been conclusively determined - some courts have held it to be a binding contract, but others have held it to be a statement of company policy.

The only real consequence would seem to be loss of good will - but if their goal was to gather as many email addresses as possible in a short time, then that wouldn't really matter.