Hi Folks,
I'm Lou Gazzola, Senior Marketing Manager at Developer Relations (RIM). I'm not a lawyer, but I know the intent of the agreement is not to take ownership of your app in any way.
Why such a harse clause you ask? Well, I've been chatting with our lawyer who indicates that it's only for the Information you provide to describe the application and that the BlackBerry App World Vendor Agreement takes precendence in the rights to the application.
Plain and simple. You own your application. We will update our terms in the future to be more clear.
Hope that clarifies and I really encourage you to particpate in this Port-A-Thon. It's an incredible experience with the community all pulling together.
Cheers,
Lou