I was wondering if I could freely run ads, for profit, and modify source code if you purchased the Pro edition?

I purchased the pro edition, but since I did am I free to do what I want (but not distribute the source code or use it beyond my domain) without JCOW trying to claim ownership of the idea?

if you use it in your domain change what ever and profit from adds as long as you do not say this software is designed by you!!!!
but be ware in changing things do not go too far or it will not be compatible with new upgrades so keep away from the core and make trace for you in changes so you can redo them in any upgrades

Cool. Does anyone have a site running the code yet the is running ads?