Wendy Seltzer explains in detail why you would be absolutely nuts to upgrade to Vista. head on over there for details, but I love the lede:
Reading the Windows Vista license is a bit like preparing for breakfast with Lewis Carroll's Red Queen: You should be ready to believe at least six impossible things about what users want from software.
I agree with her - those terms are utterly absurd. I shouldn't have to register my software, and MS shouldn't care if I install new components in my PC. With this, they've now reached the same levels of titanic stupidity that IBM attained in the late 80's.
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license, EULA, Vista, Microsoft