If you still have concerns about the new DC Thomson contracts, please go over to Simon Whaley's blog, here. Simon contacted the People's Friend editor (Angela Gilchrist) and the Society of Authors about the contract, to make sure his understanding was correct. I'm pleased to see his interpretation, now confirmed, matches mine. He explains it at length, and probably better than I did.
In the end, you have two choices.
1. Sign the contract, and continue to submit work to DCT under its terms.
2. Don't sign the contract, and stop submitting to DCT.
If or when I go back to writing womag stories, I'll have no hesitation in signing it. The DCT fiction editors are still among the best ones to work for.
Thank you to everyone for your input into these discussions.
Edited 14:00 If you're a pocket novelist, see also Sally Q's take on the subject, here.