No, Baltar, I didn't miss the point. I thought the same thing. I also though that it would be a big turnoff to those they just invited through their 'greatest campaign ever'.
Of course, I'm familiar with ToUs and most of it is a CYA sort of thing. It's out there so they CAN have a legal leg to stand on if they want to. Most of the time, they won't.
Most sites have a ToU, but I find it odd to call attention to it like that. Just really strange.