DigiMatt: that is exactly what is stated there:
stating that you own the copyright of the model and allow for free download for non-commercial purposes
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but this doesn't apply to the monthly challenge which will only accept still images.
So, vertiis, if you have a problem with people disecting your models you can still enter the monthly challenge.
My thought on this is: hey, a bit of sharing doesn't really hurt, does it? I'm doing all these tutes (lots of them free), providing learning material and even made my JD Bottle model and scene available for download on my site...