By the way, it's even worse than expected. I just saw this elsewhere:
"http://www.dslreports.com/shownews/Valves-Steam-Latest-to-Erode-Your-Legal-Rights-With-Fine-Print-120625
Points of interest:
1. If Steam decides to ban you from the service, they get to keep all of the money in your wallet (up to $2,000)
2. If you lose, get banned, or in any other way get denied access from one game you purchased in a bundle, they will take away ALL the games in the bundle from you.
3. You agree to ignore your own local laws (in terms of your interaction with Steam), and instead follow US law if you're not located in Europe. If you're in Europe, you still must ignore your own local law and abide by Luxenberg law.
4. You agree to never sue them (class action or individually), instead you agree to ONLY ever us arbitration.
5. You are only renting access to the games. You don't own them in any way, shape or form. If Steam goes under, you will never get access to the games you purchased.
6. If Steam decides to remove a game from it's library that you purchased, too bad. They don't owe you the game, you just lose all access to it.
7. Steam can ban you from the service for any reason they want.
Why is this bad?
Glad you asked! Let's say you decide to write up a critical blog post about Valve or Steam, and they read it and dislike it."
"Well certainly with the Xbox 360, we had some challenges at the launch. Once we identified that we took control of it. We wanted to do it right by our customers. Our customers are very important to us." -Larry "Major Nelson" Hryb (10/2013). Note: RRoD was fixed with the Jasper-revision 3 years after the launch of 360
"People don't pay attention to a lot of the details."-Yusuf Mehdi explaining why Xbone DRM scheme would succeed
"Fortunately we have a product for people who aren't able to get some form of connectivity; it's called Xbox 360,”-Don Mattrick
"The region locking of the 3DS wasn't done for profits on games"-MDMAlliance
