OMGWTF? Google Chrome's EULA grants Google the perpetual right to your work

Ok, here's something not mentioned in the awesome Google Chrome comic book:

IF YOU USE THE BROWSER, GOOGLE OWNS YOUR WORK.

Specifically, according to the browser's current Terms of Service:

You retain copyright and any other rights you already hold in Content which you submit, post or display on or through, the Services. 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.

In other words, anything you blog, submit, or even write in a web-based email account using the Chrome browser instantly becomes freely available to Google to use for the rest of time. The EULA goes on to say that this will only be used to "display, distribute and promote" the browser, but, er, let's say you upload a song you just wrote to your own web site. Technically, Google can now use the song in a TV commercial without writing you a check.

I'm sure there'll be a blogosphere shitstorm about this (kind of surprised it's not on boingboing yet), and Google will have to rewrite and retrench. But, still, you expect more from a company whose motto is "Don't be evil."

More informed discussion here.

UPDATE: Unsurprisingly, Google has retrenched. Collective intelligence and advocacy in action.