JGZimmerle: the minor restructuring of the kernel in to different modules would not be sufficent. Its a derivative work and covered by existing copyright and licences, as will be anything they have seen the sources to. Only entirely new code independantly developed after the expiry of code sharing agreement at the end of Select 2 are owned by ROL. I'm sure the usual suspects will contend this, but PM is on record as stating that exact fact.
AMS: the situation for some time has been that the things Select subscribers have paid in full for, have been given away heavily in discounted copies of the Adjust ROMs and VRPC-Adjust. I wouldn't mind this as Select was intended to fund features for early adoptors, and then to make them available to the wider RISC OS user base. That was until subscribers paid 2 years worth of subscriptions for absolutely nothing, while ROL is still enjoying the income from Adjust and VRPC, and now asking for a 3rd year of subscriptions with no guarentee of anything in return.