I wasn’t worried about this in the first place (see comment 42 in http://www.readwriteweb.com/archives/does_google_have_rights_to_all.php), but now it’s official.
Official Google Blog: Update to Google Chrome’s terms of service
So for Google Chrome, only the first sentence of Section 11 should have applied. We’re sorry we overlooked this, but we’ve fixed it now, and you can read the updated Google Chrome terms of service. If you’re into the fine print, here’s the revised text of Section 11:
11. Content license from you
11.1 You retain copyright and any other rights you already hold in Content which you submit, post or display on or through, the Services.And that’s all. Period. End of section.

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