Regarding their ToC, I'm certain everyone agreed when they signed on that the forum owned whatever they said in perpetuity, etc. That, of course, is different from being unable to retrieve said content for one's own uses. I suspect the ownership will be disinclined to be helpful in this regard, but I guess we'll find out. Probably they'll respond with some variation on "sure...pay the subscription fee, then you can look at all your own stuff." And they've got that right, though it doesn't make them any less douche-y.
Eden, I think that while Squires is certainly a problem, the actual source of a lot of what soiled the waters over there was the guy with his face on the front page, and Squires was just the slightly worse cop to his silent bad cop. He could replace Squires with Florida Jim tomorrow and the only difference in terms of how the forum worked would be that his moderator would now disagree with his decisions. But he'd still make them, I think, whatever FJ said.
Another reason to close so quickly was, I think, to avoid having to discuss the issue in public, which wasn't going to go well for them. They'll still have to, of course, and if they had any sense they'd realize that -- their first month back is, unless they get really heavy-handed with the moderation again, going to be nothing but complaining about the change -- but they've long proven that they don't.
Jack's right about why they did this, and it's also a doubling down on the bet that the one and only thing that supports the forum is access to Parker, and that people will want that enough to pay for it. I think they might have won that bet even five years ago. Now, I think they lose it. I think WB wins big from this, and did I not know better I'd swear Parker was a stealth investor in CellarTracker Grape Stories, because this is only going to help Eric as well. In they end, they just couldn't figure out how to play, and rather than finding someone who could tell them how, they essentially gave up on trying. The WA brand is dead with Parker anyway, so maybe it doesn't matter anymore. Let him be King of the Forbidden City if he wants, while everything outside the gates is different.
As for the content...what SFJoe said. There's a reason I don't put anything in just one place anymore. Which reminds me...I really should pluck a few key posts from the old WLDG archives before that goes away, which I have certain reasons to believe isn't far into the future.
And as for newbies, let 'em come, I say. I think that Disorder operating as it usually does will fairly quickly weed out anyone who isn't going to thrive, and a little new blood wouldn't kill us.