Diderot asked me to share some thoughts on the covenant.
I think the first thing is simply making citizens aware. A surprising number never even look at it; while this is ultimately their problem, not our own, a list of provisions as well as simple tips such as "If you turn group access on, this means ONLY that group can be on your land" - which seems to escape many newer users of SL - would be very handy. That's a matter I can handle.
The covenant itself is mostly reasonable, with a few sticking points. Those who were present for Ranma's protest in regard to things like the hot tub and pornography provisions will understand - while the Chancellor can exempt specific items, this depends on a Chancellor with common sense who won't call a statue of Michaelangelo's "David" porn. As a real-world [i:dg6o2143]John[/i:dg6o2143] Ashcroft in the US demonstrated, you can't always trust the art defense to work.
I would not make the current covenant a major point of the platform, as it is mostly reasonable. We may need to examine specific points regarding use of security devices/banlists, but I don't see it as a priority. However, I think it would be consistent to support the covenants of any future sims as being "as much as needed to support the theme, and no more"; the old covenants specifying specific window sizes and roof pitches are a prime example of how NOT to do things.