- It's been only five weeks since the last PSN TOS update
once again, which also introduces Sony Entertainment Network as outlined below.
According to the new Terms of Service Agreement
(PDF File), those who continue to use PSN must essentially waive all rights to participate in new class action lawsuits against Sony and agree to resolve such matters on an individual basis only.
To quote: On September 15, 2011, Sony Network Entertainment America Inc. ("SNEA") will transfer its online services operations, including your wallet and the funds in it, to Sony Network Entertainment International LLC ("SNEI").