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@Balki
Interesting, that... After reading your post, I did a bit more homework and found some quotes from their chief legal counsel indicating that they reused the EULA from other projects. Forgive my sceptecism... I dont really see Google overlooking something as important, I mean they are quoting their in house legal team in their press release. This sort of legality would be a massive element of the release. Take your point on the open source bit though.
I've got my eye on Google Health too... pure speculation, but I'd suggest that the kind of data stored on that thing would be pretty valuable, even if its anonymous/statistical. Ulterior motive, I reckon.
Should qualify this by saying that I have no idea what Im talking about.
Im going to Birley.