Another thing that wasn't even mentioned here yet is that in the EULA, CL can terminate the license for ANY reason. It specifically says: "Company reserves the right to terminate this EULA at any time for any reason at Company's sole discretion. Upon termination, you must immediately return both Program and Documentation to Company along with all copies, modification and merged portions in any form. Termination of this EULA for any reason in no way limits Company's right to contine enforcing all rights provided by law and does not entitle you to a refund of your license fee except as provided herein." In other words CL can terminate your license at any time for any reason (like if they don't like a render you post here - that is a reason after all, maybe not a good reason, but it could still be considered a "reason" - or if you have to call them up if you have trouble reinstalling the program because of their stupid registration scheme and have to call them up. According to this EULA, they can instead of giving you a new registration code, terminate your license on the spot (and not even have to give your money back!). Like a book my @$$. Last time I checked, when I bought a book I didn't have to give the author or publisher my name and address and phone number before I was allowed to start reading it. Last time I checked if I had a book I was allowed to sell it or lend it to someone if I chose to. Last time I checked, the author or publisher of a book couldn't force me to return the book to them. Until Curious Labs gets off their high horse and gets rid of this forced registration thing and changes the EULA to something reasonable, I will not be buying P5. Period. I would spend days figuring out all the file formats and writing my own version before I agree to that EULA. It has been shown over and over again that if someone is determined to pirate a piece of software, they will succeed in doing so no matter what protections are in place. The people who suffer are the honest users. Right now I say Curious Labs can rot. If enough people feel the same way I do and refuse to buy it and CL goes under, then so be it. It would be a shame to lose a good program like that, but maybe other companies would learn a lesson or two about pissing off their paying customers.