From Mark Coker, founder of Smashwords:
"Great news. Yesterday afternoon I met with PayPal at their office in San Jose, where they informed me of their decision to modify their policies to allow legal fiction. Effective last night,we rolled back the Smashwords Terms of Service to its pre-February 24 state."
How about that? Now and then, the Forces of Evil lose a round.
Way to go, Mark.