The Playstation Network

I just received an email telling me that the Terms of Service and User Agreement and Privacy Policy for the Playstation Network have been updated.

Unfortunately, I don't know anyone who knows what these changes are, mostly since no-one really reads the ToS anyway. What is the point of keeping users informed of changes to something they are completely ignorant towards? Will anyone know if they have actually changed anything and what they are now allowed to do to us?

If there are any legal experts/people who actually read the small print out there, do let me know if this now means they can empty my bank account.