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So what are the most significant changes?
2) You can show Google ads on error 404 pages and registration pages as the following line is now deleted from the TOS:
[Deleted - Prohibited Uses] (You shall not) display any Ad(s), Link(s), or Referral Button(s) on any error page, on any registration or “thank you” page (e.g., a page that thanks a user after he/she has registered with the applicable Web site), on any chat page, in any email*. this may be a hint that AdSense for Email program is in the pipeline!
3) You can place Adsense associated with multiple AdSense accounts on the same page.
4) You can place AdSense for Search box on pages that have no content.
5) AdSense Referral products (like Firefox, Google Pack, etc) can be placed on pages that contain no extra content.
Read the entire thing here in Chris's Online Marketing Blog
Labnol, of Digital Inspiration also has a more detailed but curiously similar post here.
Could it be a case of manual lifting? Is the kettle calling darth vader black?