Need a privacy policy

As a user who didn't have time to examine the code, I think it's good to have statements about user data would be handled in webamp.org , since this web-based player can open user's files (music, equalizer presets or skins).

* Is the music loaded into Webamp kept only in the browser's cache, or would it be uploaded to some servers?
* Is the playlist handled the same way? (I.e. Will the server keep a copy of user's playlist?)
* If foreign codecs are supported, will the codecs be run in the user's browser? Or will there be server-based decoding?

Not intended to be a long (and boring) legal document, but short statements in the web page that answers at least these questions for webamp.org server.