ArmoryDB requires a local Bitcoin node and it must read the block files directly from the disk, so it isn't possible to connect to an untrusted bitcoind, unless you don't trust yourself.
Aha... question. Does it need access ONLY to the disk where an up to date blockchain exists, or ALSO the bitcoind.exe running instance(remote could still be achieved by pointing the btc folder to a mapped network drive, and forwarding localhost:port to the remote machine).
Alternatively, does Armory 0.95 work with a pruned bitcoind node?
AFAICT, your Bitcoin would still be safe, but not your privacy.
When you say this, you mean the Qt would poll ADB for info about a specific address, and that gives away what wallet a certain IP address has, right?