EDIT: Well, I have decided that regardless of PayPal's clarification and the legal clarification, based on the feedback from other people, their new policies have too many nasty wordings and loopholes for my comfort, and I will remain skeptical until further notice. :U
Also Edit: PayPal made some clarification.
EDIT: I have gotten some good feedback about this from various people, and there has actually been a long post reply to the original post on tumblr which is worth a read. It appears that contractually, theft of your rights wouldn't be something to worry about, but it still makes me highly suspicious, mainly because PayPal is a paymen