Microsoft announced that they will change the way they present the Microsoft Licensing Terms documents. The Licensing Terms Site is intended to replace the downloadable document versions of the Microsoft Product Terms (PT) and Microsoft Online Service Terms (OST). The site provides users with improved capabilities, including a dynamic browsing experience, up-to-date content, and improved transparency related to use rights changes. The shift to this web-based experience allows you to filter content and review only the terms and conditions relevant to your needs. Microsoft will publish both the existing downloadable document and website versions of the use rights for a few months to help customers adjust to the new site. The website version of the use rights also includes the ability to export to Microsoft Word.
While the Microsoft Licensing Terms website is still under construction, you can already get a preview under: https://www.microsoft.com/licensing/terms/productoffering. Also, Microsoft has published the following FAQ: http://download.microsoft.com/download/A/5/9/A599711B-6807-4757-B38D-1EE269F2F19B/Product_Terms_FAQ.pdf.