XWolfO- "ive been happily gaming for the past 5 years or so on the ps3, online and everything. I never read those things, what shady wording do they use?"
The next time one comes up that you have to accept. Take a few minutes and read it carefully. I didn't read them either until they were hacked in 2011. The first one they shot out after the password reset. Not sure, but you might be able to pull the up EULA on their website.
Paraphrasing from what I remember on the last one I saw, it said. If you disagree to our terms of service or EULA. We (the company) reserve the right to make non-working. The device you use, to connect to our service (PSN). There is a lot more to it, but bricking my ps3 stuck in my head.