Version 3.0.4 can access:
Identity
-find accounts on the device
-add or remove accounts
Contacts
-find accounts on the device
-read your contacts
Location
-approximate location (network-based)
-precise location (GPS and network-based)
SMS
-read your text messages (SMS or MMS)
-receive text messages (MMS)
-receive text messages (SMS)
-receive text messages (WAP)
Phone
-read call log
-read phone status and identity
Photos/Media/Files
-read the contents of your USB storage
-modify or delete the contents of your USB storage
Storage
-read the contents of your USB storage
-modify or delete the contents of your USB storage
Device ID & call information
-read phone status and identity
Other
-view network connections
-create accounts and set passwords
-full network access
-read sync settings
-run at startup
-control vibration
-prevent device from sleeping
-toggle sync on and off