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Derivative works would be, like... Someone going out and making 'Squidge, loneliest little Eee' First-Person Adventure game and then selling it for profit.
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Well, our lawyers made sure that we had no reference to derivative works, as that is quite limiting and open to interpretation.
My guess though, with all the different versions of the EULA within the game and printed/ electronic materials that the whole thing would be 'null and void'. You can probably do whatever you want with it.
Please don't use that statement as fact, I am not a lawyer. I know that I am not a lawyer, because of the amount of money we pay lawyers each year.
