It basically says that Microsoft will do what Google already does.
However, while you can avoid Google altogether (if you don't want a Youtube account, don't use their browser, don't use Gmail, etc, etc) you can't avoid Microsoft (unless, of course, you use a completely different operating system, such as Linux or Android).
I suggest at least taking a look at the privacy options referred to within that article and then deciding for yourself how you want to configure your privacy settings.