It does appear that the authors have removed the advertising clause in this latest license version. Also the section on commercial licensing, some mentions of registered trademarks, and all specific references to the truecrypt.org domain, including email addresses.

However it's unclear if this change is only for Truecrypt 7.2 or can be applied retrospectively to previous versions. As the authors have deleted sizeable portions of the encryption code in this final version, such ambiguity could be problematic.