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Basically, any website in the UK must now ask a visitors consent to set a cookie on their machine if they are in the EU. This doesn`t necessarily apply to session based cookies, but does with regards to say, Google Analytics. The new law comes into affect now on the 27th May 2012.
This crazy new law could have serious impacts on affiliate programs and ad revenue, but no-one seems to care.
This website only sets a cookie for the forum login if you wish to be remembered. However, my affiliate system has been updated to ask for consent when setting tracking cookies for people in the EU for my commercial products. Sad, but true. Lets all move abroad. Yippee.