With the rise of MMOs and other persistent environments over the last decade, the trafficking of virtual game property has become a multi-billion dollar industry. Regardless of whether the buying and trading goes on with the blessing of the content provider (or, in many cases, the owner of the account in question), the question of players' rights to virtual goods is coming to the forefront. The Escapist Magazine takes a look at how some companies are structuring their EULA in this regard, and what some countries, such as China, are doing to handle the issue. "... the differences between China and the West in this case have more to do with scale than cultural norms. So many people play online games in Asia — and play them so intensely — that social problems in meatspace society inevitably emerge in virtual worlds as well. ... The general consensus, therefore, is that paradigm shifts like the ones that have already occurred in Asia will inevitably come to the West, and with them, the need for legislative scaffolding that keeps us all from killing each other."

I Don't Believe in Imaginary Property writes "President Bush has signed the EIPRA (AKA the PRO-IP Act) and created a cabinet-level post of 'Copyright Czar,' on par with the current 'Drug Czar,' in spite of prior misgivings about the bill. They did at least get rid of provisions that would have had the DOJ take over the RIAA's unpopular litigation campaign. Still, the final legislation (PDF) creates new classes of felony criminal copyright infringement, adds civil forfeiture provisions that incorporate by reference parts of the Comprehensive Drug Abuse Prevention and Control Act of 1970, and directs the Copyright Czar to lobby foreign governments to adopt stronger IP laws. At this point, our best hope would appear to be to hope that someone sensible like Laurence Lessig or William Patry gets appointed."

eldavojohn writes "Now that Verizon has beaten Google in the 'block C' spectrum auction, what are they going to do with it? Well, as of today they've revealed their plans for world domination: they plan to speed up wireless internet connections. It may come as no surprise that they'll also be making this available for other manufacturer's devices. AT&T plans to do the same with their auction winnings, 'AT&T was second to Verizon, winning $6 billion in spectrum licenses, which it also plans to use for high-speed Internet service. But its executives said they didn't bid for the portion subject to the open-access rules. The parts it did land cost AT&T nearly three times as much per unit of spectrum than the portion Verizon bought.'"

Microsoft's efforts to get businesses to adopt Vista may come to a screeching halt now that Bill Gates has announced "Sometime in the next year or so we will have a new version", referring to Windows 7, the next expected version of the company's flagship desktop operating system.With a new version available soon, many organizations may decide to wait and see if they can avoid the pain of a Vista rollout altogether.