This morning we have announced a change to our Terms of Service which allows Second Life residents to retain the intellectual property rights to their in-world creations. This change means that starting today, once you've agreed to the new TOS, you will have the same ownership rights to your Second Life creations that you have for any original creations you make in the real world.
Please take the time to read the new TOS carefully. You can find it at www.secondlife.com, linked from the bottom of every page.
If you have questions, check out the FAQ, or email [email]support@lindenlab.com[/email].