HA! I just received this email from Humtoo, when I asked the aforementioned question:
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Hi Steve,

Yes that is correct. From our how it works section:

http://www.humtoo.com/how-it-works.asp?HIWPageID=3

The reason for this publishing deal for all tracks? In the very near future all tracks that are unsuccessful for the first project that they are pitched for will be entered into the HUMTOO music library. We publish all tracks uploaded to the site as they will all either end up winning a project through the site or end up in the library that we administer, publish and actively promote. Any track uploaded to the site is also always in the pool of available tracks and can be attached and reattached to any project on the site at will. This gives you flexibility to pitch your tracks as you see fit and also have the tracks available as part of a rapidly growing library...

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BE CAREFUL...ARE YOU SURE YOU WANT TO TRANSFER YOUR COPYRIGHT????


Steve

Steve@pongamoosic.com

My solo works:
http://www.wacbiz.com/Steve-Petitt/artist/536

My Pongamoosic...Moosic \:\)
http://www.pongamoosic.com

Voice Over samples:
http://1122creations.yolasite.com