It must have gotten to the point by now that the mere length of a privacy policy, or EULA, is enough to convince the court that there effectively is no policy or no agreement, signed, seal broken or not.
On the other hand, perhaps the legal mechanism of EULAs is simply that the software won't let you use it until you click "I Agree" - but I would have thought there would be some legal basis where if you don't agree, you have no usage rights, hence it being a "license". It's murky.
If you buy a CD, it's copyrighted, but you can still do whatever you want with it (unless what is limited by law).