Many of the posters below are missing the point--which is that the greedy terms of service make a potentially useful service--like Google Docs--useless for any serious purpose. For example, I would like to use Google Docs in an international online publishing venture. But I can't, because of the TOS. Specifically, while for Google Docs section 11.1 is amended in a way that makes it (borerline) acceptable), section 11.2 remains:
>>11.2 You agree that this licence 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.
(and, yes, they actually misspelled "license" in their terms of service.)
I'm sure they have their reasons, but these terms are unacceptable for my professional use. So, with regret, I don't use it. Assuming that Google has produced this service in the interest of making a profit, they've lost my business.