Is there a human-readable summary of Apple's Terms and Conditions?

Question

Just went to update my apps on my iPhone and it looks like Apple have updated their Terms and Conditions and Apple Privacy Policy. It's currently at 62 pages!

Has anyone read it thoroughly and can give a short summary of any important items for users? I appreciate this won't be a legal answer (that'll also take 62 pages) but a general summary would be handy, e.g. am I promising to go on their mailing list or something like that?

Clarification: the best answer won't be legally accurate (because only the T&C themselves are) but it will state if there are any gotchas or weird stuff users should be aware of.