The Google Maps team announced that they just updated their Google Maps API Terms of Service. Also they updated the FAQ (and hope to keep it updated regularly).
I’ve quickly read through the FAQ and ToS find it more thorough than before.
For a Change Log overview you’d have to go here.
Update:
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If you prefer to read also about the bad side of this story, Go and read this article from Barry from nearby.org.uk.
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Or this really helpful article from Ed Parson himself explaining the Terms of Service
