Just wanted to follow up. If you're not doing illegal activities on the net, then you don't need to be too worried about if the VPN is hosted in an "eyes" country. But if you're getting a VPN for those things then you should keep it in mind. My VPN is hosted in teh same country as I am, so it would be easy for them to get logs if they wanted to. I'm not worried about it. I just have the VPN for general privacy, carefree connections to public wifi and no tracking by ISP.