They have stated that you can use GMax to make whatever you want. They would not have a leg to stand on if you used it for commercial projects.
However, it only exports MD3 files, which have very limited vertex resolution...basically if you make an object greater than a certain size, or smaller than a certain size, the vertex positions will be totoally screwed up. It also does not support DDS textures, making it useless for games.
However, it only exports MD3 files, which have very limited vertex resolution...basically if you make an object greater than a certain size, or smaller than a certain size, the vertex positions will be totoally screwed up. It also does not support DDS textures, making it useless for games.