Security geeks: should I be worried about software HP has reporters install?

I’ve been meaning to pose this question for a while, here’s the setup: HP, like most companies, pre-briefs members of the press on upcoming announcements. Naturally this is all under embargo / NDA / pinky-swear — so even discussing this stuff unlikely to win me any brownie points, but oh well — and the last time I was briefed, my media contacts requested I install some web conferencing software called HP Virtual Rooms. Presumably this is software HP uses not only with press, but also for working with partners and even secure internal conferencing.

Despite my many, many reservations about installing an application to gain access to the briefing — especially considering HP’s positively egregious history of spying on reporters — I went ahead with it since otherwise they they couldn’t proceed. Yeah, I should have installed Little Snitch, but I was on the phone with four HP people and was already holding up the show.

So the 64k question with tin-foil hat trimming: would you be worried? Perhaps more importantly, are you brave enough to install and test HP’s Virtual Rooms software yourself? Download it here, hit me back. Where’s Schneier when you need him?