Obviously I understand that nobody reads EULA's, and I completely agree that its crazy they even exist. Judging from the fact that I got downvoted for simply stating the obvious it appears people assume I'm ok with EULA's, but I'm not. That doesn't mean they don't exist though, and even though I don't know the intricacies of their legality, the fact that I'm not aware anyone ever successfully challenged an EULA in court (which would mean they should be history by now), I'm assuming that, sadly, content owners and distributors can strip your rights by presenting you with an EULA that no-one reads.