To be fair, their policy isn't all that different than many online collaboration offerings.
What does bother me, however is the fact that they interface with various 3rd parties who pay Wiggio for access to its non-paying user base.
Wiggio is very careful to point out they have no control over their partner's actions. Nor does Wiggio require that any of these unidentified 3rd parties adhere to Wiggio's privacy policies. In fact, they wash their hands of anything their partners may get up to:
Something about that would make me think twice. If I decided to go with a web-based solution, I'd feel safer if I were paying for the service. The Wiggio revenue stream is too dependent on entities other than it's actual users
for me feel comfortable using it for business purposes.