Office 365 "The fine print" popup message - is it legitimate?

Looks like they jumped on the scammer - but how about the original problem?  If you don't click on the accept, you cannot use the software - that goes for the entire office suite.  Out of the blue, this thing comes up and Microsoft holds us hostage - we are customers that paid for their product and agreed to terms of service then.  

It is frustrating that the giant (and profitable) tech companies outsource the problems they create to user groups like this and expect them to solve them.  And - we can't go elsewhere, we are held captive.  If I could, I would.  I use these products because I have to, not because I want to.  

C'mon Microsoft!  Fix the problem you created.