WARNING, WARNING! Digital world domination attempt underway??

Gizmodo sounds a bell about Google's new Chrome browser:

Here are the juicy bits in question:

11. Content license from you

11.1 You retain copyright and any other rights you already hold in Content which you submit, post or display on or through, the Services. By submitting, posting or displaying the content you give Google a perpetual, irrevocable, worldwide, royalty-free, and non-exclusive license to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Content which you submit, post or display on or through, the Services. This license is for the sole purpose of enabling Google to display, distribute and promote the Services and may be revoked for certain Services as defined in the Additional Terms of those Services.

11.2 You agree that this license includes a right for Google to make such Content available to other companies, organizations or individuals with whom Google has relationships for the provision of syndicated services, and to use such Content in connection with the provision of those services.

11.3 You understand that Google, in performing the required technical steps to provide the Services to our users, may (a) transmit or distribute your Content over various public networks and in various media; and (b) make such changes to your Content as are necessary to conform and adapt that Content to the technical requirements of connecting networks, devices, services or media. You agree that this license shall permit Google to take these actions.

11.4 You confirm and warrant to Google that you have all the rights, power and authority necessary to grant the above license...............

Why in the hell would Google want ownership of every single blog post or email written in its browser? It's so unreasonable that it borders on the insane. [my emphasis]

Is Google Inc. is developing the same delusions of grandeur as US multinational Monsanto or is this just a sensible commercial decision.

You decide.

Update:

Thanks to an alert reader I now know that Google has backtracked on these license conditions.

Section 11 now reads simply: "11.1 You retain copyright and any other rights you already hold in Content which you submit, post or display on or through, the Services."

CNet alerts us to the fact that we still may need to be careful using this new browser as in certain configurations it will transmit and store a user's keystrokes (even before the send key is hit):

All this is separate from the issue of what information Google plans to store on its servers. Provided that users leave on the auto-suggest feature in Chrome and have Google as their default search provider, Google has the right to store any information typed into Chrome's Ominibox, which serves as both search bar and address bar. The software maker told CNET News it plans to store about 2 percent of all such data, along with the IP address of the computer that entered the information.

Given the fact that Google Inc. will cooperate with security and intelligence services when required to by law, this level of information gathering may be of some concern to private individuals and political bloggers.