"CNet is reporting that Network Associates has just purchased a software company called Traxess, whose main product - DragNet - supposedly makes Carnivore look like a toy. DragNet is capable of monitoring everything from email to web, FTP sessions to IMs, even print jobs and VOIP conversations; sorting the protocols and logging it all to disk at gigabit speeds. One NAI exec envisions "the government using it to investigate employees and hackers." NAI has also issued a press release about DragNet."
Here's more on Bush's proposal to gather data collected by the government and by the private sector: eWeek story.