I'd suggest cancelling it. Windows 10 is basically spyware at this point. If it's too late to cancel it, just find the revert back option once it's installed finally and download GWX control panel from here which will completely stop any windows 10 related programs from running: http://ultimateoutsider.com/downloads/
Well I have to disagree with you this time again , I know we have argued it countless times, but this time I discovered one thing.
You have copied and pasted an image of the privacy statement for the Windows 10 Insider Preview Program about 4 times.
This doesn't apply to the normal releases, because a user has to opt-in to the insider preview program for these privacy terms to even take effect, to be specific here is the page that the screenshot is from (near the bottom):
http://windows.microsoft.com/en-us/windows/preview-privacy-statementFor those who are not aware, the Windows Insider Preview program, is a program that lets people test a new version of Windows 10 before its released to consumers, considering they are Test Builds, they require feedback to debug issues and find out how to improve UX, obviously the preview builds have less privacy and are not intended for consumers to be using them as their daily OS.
It even says at the top that it applies only to the pre-release versions of windows.
Thank you for choosing to participate in a pre-release program for our next version of Windows! The purpose of the program is to enable you to provide usage data and feedback to Microsoft while trying out the pre-release software and services. Your participation is important and will provide us data we can use to better understand and engage our customers, and to improve our products and services. This privacy statement applies to the pre-release Microsoft Windows software, services and related experiences, including program websites and software that display or link to this notice (the “Program”).
The consumer version of Windows 10 does have slightly less privacy when compared to older versions like 7 and 8/8.1, but the person has the ability to disable many things such as telemetry and settings that automatically send feedback during the OOBE (Out of the box experience) the user is also not forced to make a Microsoft account and can use a local account.
Ipquarx please do not take my post as a "attack", I just wanted to clarify something I have been investigating for a few months now, and today after looking in to it again I have confirmed this, I do not plan on changing your opinion on Windows 10, but something stood out of the screenshot you kept posting over and over again, so I had to look into it.
I really don't want this to turn into 20 pages of arguments so lets be mature about this and not derail the thread into an endless argument over privacy again.
By the way my only gripe about Windows 10 is the fact there is a setting that is enabled by default that is basically an ad in the start menu, to disable that you need to go to settings>personalization>start and toggle "occasionally show suggestions in start" from on to off, and that will stop stuff like candy crush from showing up in your start menu.
That setting wont be there for long, they are considering removing that in the Anniversary Update since its literally an ad in start, and people made it clear they don't like it, all 8491 people.