Re: CyanogenMod has had this feature for years!
As an Android user, I personally would prefer to have more granularity in terms of privacy on some of these third party apps. Like the article points out, when an Android user downloads an app from Google Play, a splash screen appears telling the user what permissions the app must use, all in one list. You either take it or leave it.
I would rather be able to control these things through a console, which is what is described here. I think location, in particular, is something I am concerned about.