I just became aware of the latest Flickr/Getty fornication via A Photo Editor, and you can get the major details as to the actual net results Here. Signing up for this latest gambit at fame and fortune amounts to little more than a windfall for Getty and more crumbs for photographers. Not only does Getty grant you a whopping 30% for your effort, there's also this:
Getty Images has the exclusive right to license your images and images substantially similar to those in a commercial context once you’ve accepted their invitation (and signed the Getty Images Contributor Agreement).
And for this we humble ourselves in gratitude.