The first question in the FAQ might not be 100% accurate.
Section 10 of the
GSL requires the Licensee to recognize all "Wizards Intellectual Property". The end of section 10 then defines this to include everything within the core rulebooks and the
SRD. Furthermore, section 10 requires that the Licensee agree not to challange any of this, and on top of that, section 10 is one of the sections that survives even after the license's termination.
In other words, if Wizards chose to read section 10 in a very liberal manner, they could claim that by signing the
GSL you are recognizing their "ownership" of even basic fantasy elements, such as the concept of dragons, demons, golbins, etc... and since section 10 lasts even past termination of the
GSL, they could sue you, even decades later if you tried to make use of any of those basic fantasy elements.