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Amazon does the same thing. The only reason I haven't deleted my account is because I "own" hundreds, and hundreds of dollars worth of movies and full TV shows on Amazon and if I delete my account, I lose all that content. When I bought them, I had no idea this was a "long term rental" and not true ownership. It would have definitely have changed my "buying" decisions.
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this could potentially have broad reaching impacts in other markets as well depending on what the court finds. it's a given that if the courts rule against apple, that will just be the first domino in a chain reaction as sony/ms use the same language when they "sell" games that can be revoked at any time for any reason.