Wow!
I am impressed by what resonanse my concern and question has received.

I appreciate everybody's opinions and suggestions (on and off the list).
While I think their legal statement may not withstand a court, I don't
really want to deal with it and with the organizers.
So, I decided to skip this event for now.

If taking photos were plain prohibited, that wouldn't have touched me 
as much.  I respect one's rules - it's their event, and their right 
to set rules. I would have politely expressed my suggestion to 
lift that ban to the organizers, as I did at one other event.

However, since it is not prohibited in this case, people will be 
taking pictures (albeit even some everage quality snapshots), 
so I'd be regretting missing some interesting photo-opportunities... 
And I don't want to owe them my photos or have any obligation, 
even if otherwise I would've given them some photos for just a 
nominal compensation (e.g. free admission to their next event) or 
even for free, depending on what exactly they would need and for 
what purpose.
So, they will miss out on seeing/getting quality photos (from me), 
and so will the participants.
.. And that event won't get a vote from my wallet.

Cheers,

Igor


PS. For those who is interested: a friend of mine pointed out that 
Bruning Man has somewhat similar rules. In that case, at least,
they describe why they request copyright transfer, and it has some
logic behind it (whether you like it or not).

You can read Burning Man's response:
http://blog.burningman.com/?p=4599
to EFF's criticism:
http://www.eff.org/deeplinks/2009/08/snatching-rights-playa 
of BM's terms: http://tickets2.burningman.com/info.php?i=2386



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