Re:Would it work? (Score 2, Interesting)

Actually the key to it might be getting companies to agree to a standard EULA, or a few variants of the EULA--Thus real lawyers could read it and parse it to more common terminolgy which is what the program would spit out. That would neatly solve most of the problems--assuming (a) companies would agree to submit their EULAs to whoever's writing the software, (b) that the companies agree with what the plain english version says, and (c) that companies agree not to alter the EULA once it's submitted. Thus this becomes a difficult task, but I don't think it would be impossible.