Google has full control of your content

I’m not sure I like this at all. I’m a fan of Google Apps. It’s nice to have central access to email, calendaring and some office apps. I’ll admit I’m on the paranoid side and don’t use the office apps for anything that contains sensitive information.
It looks like my paranoia may actually pay off:

Their Terms of Service state this:
By submitting, posting or displaying Content on or through Google services which are intended to be available to the members of the public, you grant Google a worldwide, non-exclusive, royalty-free license to reproduce, adapt, modify, publish and distribute such Content on Google services for the purpose of displaying, distributing and promoting Google services. Google reserves the right to syndicate Content submitted, posted or displayed by you on or through Google services and use that Content in connection with any service offered by Google. Google furthermore reserves the right to refuse to accept, post, display or transmit any Content in its sole discretion.

I realize that this section of their ToS applies to content that you intend to be available to the public, but in my mind this is a half-step away from, “We can do whatever we please with any of your Content.”
Maybe that will be included in their next version.