Taking the initial steps to algorithmically quantify this kind of thing is what's important, imo. If you could attach this as a widget to documents like ToS, it could significantly impact their readability. I like it.
Glad you like it! True, the app may not reveal any big news, but it will at least confirm existing assumptions (i.e. the king isn't wearing anything at all and licenses more than 10 pages are really too long).
I found out there is a 404 in the WordPress license.