Observant souls will note that the Terms of Service content at the bottom of the page has been replaced by a great deal of legalese. I'd encourage you to read said legalese, as it states that you agree to be bound by it by continuing to use the system, but in general I don't think it says anything unusual for sites run by large media companies, or anything to be unduly alarmed about. Expect more diligent inquiry by your mod into the copyright status of posted art, perhaps.
As you may have noticed, we've just implemented a much-requested chatroom. It is quite simple and has few fancy features, but for the moment we just want it to work!
Anyway, have at it, and post your thoughts, feature requests, effusive thanks to the tech team, etc., right here. Thanks!