Re: Nobody actually read what they said in the blog post...
@Timmy B
It depends on whether your use of the product depends on an ongoing arrangement with the vendor. If it doesn't then you don't need to worry. If it does then you should realise that pretty well anything could go wrong. Even the most stringent T&Cs aren't proof against the vendor going out of business. If it's simply some item you can live without - a sound system for instance - you could just be prepared to write off your investment in hardware. If it's something that's looking after your personal media collection then you need backups or, again be prepared to write it off. But if it's something your livelihood or business depends on then you do need to think seriously about what could happen if things go wrong.
Risk involves both the probabilities and what you stand to lose.