>I still wonder what happens upon activation. Does MS capture the IP address or phone number I'm calling from and store that with the serial number?

The info is encrypted, so my attempts to use NetMon to see just what goes down wire were thwarted (which is a good thing). Allegedly, the IP doesn't travel down the wire.

> What happens when I try to activate the product for the 11th time?

The Microsoft Software Piracy Strike Team is quickly dispatched to your location to deal with the situation. My information shows that we have a precinct in SLC, so keep it legal, please. ;-)