I still see an option when I just checked now, so either it's back or maybe you have some plugin that's hiding it? I've heard ad/script blocking plugins might hide some options (haven't confirmed that myself though), and I know one person who hid some Facebook stuff via Stylish and if I heard him right had to disable some of the style mods in order to see the Terms of Service later - so if you've tried to hide some things (like annoying ads, or pictures that are cluttering up the home page) other stuff may be caught in the crossfire.

Well, actually, they do say a "[...] transferable, sub-licensable [...] license", so yes, they are asking to extend it to other people (otherwise applications couldn't use it if they were (for example) posting your profile photo in a competitive ladder, or perhaps Facebook uses a 3rd party caching server).

HOWEVER, they do also say that it is "subject to your privacy and application settings" which puts a fair limit on what they are allowed to do with it - basically it says who they or anyone to whom they sub-license can only use it in ways that your privacy settings allow (which along with all their other terms basically says that you don't need to worry about advertisers using - or even having - your information unless the advertiser isn't following the rules).

Okay, first off, the article has a follow-up posted at the top of it saying they made a mistake and were corrected. But for the interest of people who would rather read comments than articles, here's what I've been telling everyone on Facebook who keeps passing around this foolishness:

First off, the claim that Facebook is allowing 3rd party advertisers to use people's photos isn't quite the case. In fact, Facebook Terms of Service (http://www.facebook.com/terms.php) state (section 10.2) "We do not give your content to advertisers."

Yes, Facebook may pair up your name and profile photo with an ad that gets sent to your friends, and yes, that can be blocked with the option mentioned in the message going around (Settings->Privacy->"News Feed and Wall"->"Facebook Ads" and select "No One" - or this link might work to get you there faster, since I'm feeling useful http://www.facebook.com/privacy/?view=feeds&tab=ads )

This is not, however, 3rd party advertisers using your photo. Section 15 of the advertising guidelines for Facebook (http://www.facebook.com/ad_guidelines.php) state that an ad won't even be accepted if the advertiser is using photos for which they don't own copyright.

Now for the useful: A Facebook application that has not been authorized by you or a friend cannot access any information about you other than what's in your public search listing. This means, though, that if you have a public search listing displaying your photo, an unscrupulous advertiser could get your profile photo.

Any application you have authorized will be able to access information it requires to work. Definition of "requires to work" may vary. If you play a lot of 3rd party Facebook games, or do a lot of those quizzes going around, remember to check the Privacy Policies and Terms of Use for the application if your worried (or if you're really worried, don't do them).

Any application your friends have authorized may be able to access any information about you (on behalf of your friend) that your friend can access. To limit what the applications can see, go to Settings->Privacy->Applications and go to the Settings tab (or have another link http://www.facebook.com/privacy/?view=platform&tab=other ).

http://www.allfacebook.com/2009/07/downloadsquad-and-facebook-users-get-confused-about-facebooks-advertising-policy/ pointed out what more likely happened and downloadsquad corrected their position.

And apparently, as jdigital noted already, even the official facebook blog says that's what happened. So yeah, if you've posted stuff online, somebody may take it and abuse it.. but no, it wasn't Facebook's doing in this case. RTF....Retraction?

It's only a guess, but GP is probably using "Super" as a short form of "Superannuation," which is essentially a pension. http://en.wikipedia.org/wiki/Superannuation_in_Australia