Me too "Please review and accept our Terms and Conditions shown below", but anyone compare the Adsense previous terms with new terms and conditions?
Don't bother! I started to read the Terms and they are just so much in Gs favour that it's a joke and I feel sure that they are unenforceable. Everything is at Gs discretion, earnings, invalid clicks, everything. Normally a contract is give and take, this one is pure 100% take.
So whatever the new one says, just accept the fact that you have absolutely no rights whatsoever (see below) under the previous or new Terms.
Strangely though, if I read correctly, G are obliged to pay you whatever they decide you have earned, at the end of the next month. And let's be fair, their record on payment reliability is totally unrivalled in this industry.