I just signed on to Flickr and found this out. For me it could spell disaster. I haven't seen the new TOS, but historically Smugmug has been hostile to street photographers requiring that all photos of people be published with their consent. That's how things are in France, Germany, Norway, Hungary, Denmark and the Province of Quebec, but not the rest of the world and especially the US where freedom of speech trumps privacy.
Just waiting for doom. I know some people don't like what I do, but the images are incredibly popular. Most days I get over 40,000 image views. No money, unfortunately.
That's not all. Verizon sent out a revised TOS just a few days ago to allow sharing of data with other Verizon companies. It probably gave them additional indemnities regarding their sale to Smugmug. Oh yes, I just paid $50 for another year of flickr pro.