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Device security

Can anyone comment on this post which just came on my Facebook page? Is it genuine or a scam. It sounds a good idea but not sure if it's legit.
'A friend just had their phone stolen which jogged my memory to share this with everyone again. Share this with all your friends it is free to use and will help stop scumbag thieves.
The Prey Project Works for phones, ipods, laptops and pcs. You register your device at the site download their software which hides in your device. If the device is stolen you log into the site and set it stolen. The software then activates gps tracking it so police can know exactly where it is. I...f the user connects to the NET and the phone or laptop has a camera it will even take a silent picture of the culprit and send it to preys website'.

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