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My guess, is that when he says "any one of your family members can play a game of your library at a given time" he means to say one person out of the ten you choose can play one of your shared games....not all ten people can play, just one, even if you have 100 games to share.

This would basically be the same policy sony has of 2 licenses per digital, or if nine people on ps3 just shared one account with your own account, installed on all ten ps3s.