Google Chrome

If you have not heard yet, Google released it’s own web browser yesterday named Chrome. 

My first impressions are good. It is fast, based on web-kit, has some unique features, it is fast, has an excellent built in inspector for developers,  an “incognito” setting that helps to keep you a little more anonymous on the web, and once again it renders web pages really fast.

However, this morning I received an email from a friend who diligently reviewed the User License and found some pretty surprising items.

This is what he highlighted:

 

11. Content license from you

By submitting, posting or displaying the content you give Google a perpetual, irrevocable, worldwide, royalty-free, and non-exclusive license to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Content which you submit, post or display on or through, the Services. This license is for the sole purpose of enabling Google to display, distribute and promote the Services and may be revoked for certain Services as defined in the Additional Terms of those Services.

    11.2 You agree that this license includes a right for Google to make such Content available to other companies, organizations or individuals with whom Google has relationships for the provision of syndicated services, and to use such Content in connection with the provision of those services.     

11.4 You confirm and warrant to Google that you have all the rights, power and authority necessary to grant the above license. 

Now I think what this means is that if I used Google Chrome to make this very post they own the post. As the owner of this post they can do what ever they want with it. Display it anywhere, change attribution, etc…. We all know that Google is collecting as much information as possible from users to so that they can present more relevant ads, but the above seems to be a step further. And how does this license work with the “incognito” mode?

I am sure Google would not get a court to uphold most of this but I do not want to foolishly assume that. Am i wrong here? Is my interpretation off? is this nothing new? Does Google already own me?

Someone fill me in.

Here is the Chrome Terms of Service (EULA). 
http://www.google.com/chrome/eula.html

Here are some other posts floating around about this:

http://yro.slashdot.org/yro/08/09/03/0247205.shtml

http://gizmodo.com/5044871/google-chrome-eula-claims-ownership-of-everything-you-create-on-chrome-from-blog-posts-to-emails

UPDATE: I just saw this post on cnet that look like the Google is already planning to modify the License.
http://news.cnet.com/8301-13860_3-10031703-56.html

UPDATE II: The EULA has already been updated. See it here
http://www.google.com/chrome/eula.html