Pinterest Updates terms of Service

As predicted by many and eagerly hoped for by most Pinterest users, Pinterest have given their terms of service a rewrite, they announced it on their blog on Friday:

Our original Terms stated that by posting content to Pinterest you grant Pinterest the right for us to sell your content. Selling content was never our intention and we removed this from our updated Terms.
We updated our Acceptable Use Policy and we will not allow pins that explicitly encourage self-harm or self-abuse.
We released simpler tools for anyone to report alleged copyright or trademark infringements.
Finally, we added language that will pave the way for new features such as a Pinterest API and Private Pinboards.
We think these changes are important and we encourage you to review the new documents here. These Terms will go into effect for all users on April 6, 2012.
Like everything at Pinterest, these updates are a work in progress that we will continue to improve upon. We’re working hard to make Pinterest the best place for you to find inspiration from people who share your interests. We’ve gotten a lot of help from our community as we’ve crafted these Terms. 
Also they have changed this from the very confusing terms that stated that all the content you pinned was your own.
Your responsibility for your content:
  1. To Pinterest and our community.
  2.  Pinterest provides a creative and positive place for you to discover and share things you love. To keep it that way, we ask that you review and agree to abide by our Pin Etiquette. We must also insist that you only use our Service in a manner that is consistent with the Pinterest Acceptable Use Policy. We reserve the right, but are not obligated, to remove User Content from the Service for any reason, including User Content that we believe violates these Terms or the Pinterest Acceptable Use Policy. Please — be a good citizen on Pinterest, and always respect our Service and its Users.

AKA - Remember to link with love! x