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To me, that Indeed reads like pretty much every TOS.

But then again, I believe that this is true for pretty much everyone and every TOS, because except for lawyers, hardly anyone actually completely understands such texts (especially: how certain purposely vague phrases can be interpreted). Which is why we choose to be ignorant fools instead who just press "accept" and tell ourselves that it probably won't have seriously negative consequences.

So I believe that we will not know the full and true consequences/meaning of these TOS until shortly after Microsoft officially published them. Because by that time technology magazines will ask actual lawyers to analyze the text and translate it to common citizen's english.