Registration

Being a legal text your "Terms of Use" are quite long and not easy understandable for the one that has lesser training in interpreting textes that hanlde legal issues. I see not way that you can re-write the text because it has to match some written and unwritten legal standards. But you can give your customers easier access to the text by summarizing the content either
- on a second page or
- leading the "Terms of Use"
- leading single Chapters of the ToU

I think the most crucial points are "copyright/-left" and "fees".

btw: Are there any fees at the moment or is the ToU's chapter a template to be able to introduce fees at a later time?

And I've spotted a mistake in a crucial part: "-Children Under Age 13"
The ToU says:
""If you are under 13, please do not register for the WRECK A MOVIE Web Site send any information about yourself to STAR WRECK STUDIOS , including your name, address, telephone number, or email address."
Ain't there a comma missing between "Web Site" and "send any information"
I know, no big thing. But concerning legal issues you better be carefull.