permissions - Read phone state and identity

I've looked at many (not all) of the dozens of links here.

Is there a list that explains the risks involved with each granted application permission type?

Most of these are not worth the time to read and just regurgitate using the same vague, indeterminate descriptions already used by the phone.

I've googled for specifics, but can find no detailed information on this privacy warning.

Please don't reply with generic blog articles and endless lists of links.

I'm looking for one hard core detailed reference on this warning:

Here's what mine says:

1. 
   

   Allows the application to access the phone features of the device...

   
   

   What specifically is a "phone feature" and what is not? Is wifi a phone feature, text message stack, etc

   
   
   


2. 
   

   An application with this permission can determine the phone number and serial number of this phone...

   
   

   Right. This is clear.

   
   


3. 
   

   Whether a call is active...

   
   

   Understood.

   
   


4. 
   
   

   The number that the call is connected to...

   
   

   Is this giving the company permission to spy on my friends?

   
   


5. 
   

   and the like...

   
   

   Yep, it really says this. Please define "the like".

   
   

Obviously #1, #4 and #5 are the things that concern me - the language of this warning says that the game developer gets access to all the identity information of anyone who calls you... And the like.

Therefore, to me, it clearly says you are exposing yourself and your contacts to spammers and worse. And it looks like the app can scoop up your contacts whether you are playing the game or not.

In other words, unless you are willing to give the developer the identities/contact info of anyone who calls you (or you call), subjecting them to spam or worse, you should not d/l the app.

Correct?