Why cant things be just fun and not all this legal jargon? I have to say I am guilty of not reading all the fine print. Unfortunately I will be deleting my account from Pinterest. I certainly cannot afford to be in trouble because I use the site. Here are a couple of links to information about why people are withdrawing from Pinterest.
http://rettspace.blogspot.co.uk/2012/03/why-im-currently-not-using-pinterest.html (this link is now dead..sorry for the inconvenience)