This sort of thing was mentioned in this thread: http://forums.xna.com/thread/36760.aspx
What you should draw from that thread is that you aren't going to get an answer to your question from anyone that actually would "appear" to have any authority on the subject, like a Microsoft employee. You might get lots of answers from people that can provide their own interpretations of the EULA, most of which I suspect (here's mine...) will conclude that you were correct, and that it was referring to the 360 specifically in that paragraph.
What I can say for sure is that use of System.Net was never precluded in 1.0 and has often been suggested by all as a means for achieving network capability on Windows. But again, as the other thread highlights, if you want an absolutely definitive 100% answer to the question you're going to need a lawyer and some money. In my opinion though, the same one expressed by members of the XNA team before (and since?) 2.0 came out, if you want networking on Windows, use System.Net, given that, I would say your interpretation is correct.