And then I promptly deleted all my boards.
Read the blog and the associated links for the whole story, but the basic gist is this:
Pinterest (like many social media sites) just isn't COOL. The terms of service aren't cool.
I love social media and I want to use these great new services, but I just can't get behind this kind of legal manipulation. Until something changes, I won't be using Pinterest. I've created a poster (a very simple, kind of ugly poster) to that effect.
Feel free to pin it and share it. It's free.
Technically I own it, because I made it, but I give you all permission to use it, pin it, post it on your blogs, etc. Go nuts.
Lame Terms of Service aren't chic. Spread the word.