This site obviously needs a better name if they’re going to get any recognition at all, but other than that, this is a great idea. From the site “Terms of Service; Didn’t Read” or TOS;DR,
“I have read and agree to the Terms” is the biggest lie on the web. We aim to fix that.
We are a user rights initiative to rate and label website terms & privacy policies, from very good Class A to very bad Class E
The community openly discusses different sites’ Terms of Service and, evidently in much the same way as the community comes to a decision on Wikipedia, a rating is decided on for each site. For instance, Twitter’s Terms of Service are summarized here, although no rating has yet been decided on.
There are extensions for major browsers, so as you surf you can see how the current site’s policies rate. Until more sites are rated, it obviously won’t be particularly useful, but I can see that it could be valuable over time.
Strangely, the TOS;DR site itself does not have a rating, or apparently even a discussion open!