I think this is an important issue that impacts more than EU plug-in developers. It impacts site owners as well so people should get acquainted with the policy. Last I heard the regulation was 360 pages long and not done.

And if I understand correctly, it impacts site owners outside of the EU if they have EU customers. Which means, many of us also need to audit our plug-ins and 3rd party services to see what data they collect. The fines are substantial.

From a presentation I heard, it also impacts things like how we set up forms. For example, you shouldn't have certain options checked by default (e.g. automatically subscribing them to a newsletter). You have to have the user explicitly check those items as opposed to having them turn them off.