So what has changed that they want us to agree to? I decided I wanted to find out. Looking at the page in archive.org (thanks for the idea, Nathan), I compared the version from May 1, 2011 with the one available on the site today. You can read the entire diff if you like, but all that changed was:
- It covers platforms that aren't mobile (Google TV isn't mobile, after all).
- They specifically note that you can only be a developer "in certain countries".
- They embedded links instead of spelling them out in the app.
- They changed the wording in the non-compete section that you can't sell a "market-like" app that distributes games and/or apps instead of using the word "Products," which by definition is something distributed via the Market (oops). [Edit: It's interesting to note that this clarification means that an app can sell things that aren't apps or games, such as books, movies, or music.]
- Several minor wording changes that improve readability and/or are for some obscure legal reason (IANAL).
The 48-hour limit was there in May, and it was there last year in January.
There’s no crisis here. Move along.