psycopg and the GPL

Hello,

I have a question about "psycopg and the GPL" License.

http://pypi.python.org/pypi/psycopg2/2.0.5.1/

Is it correct in the following interpretations?

> As a special exception, specific permission is granted for the GPLed code in
> this distribition to be linked to OpenSSL and PostgreSQL libpq without invoking
> GPL clause 2(b).

If I distribute psycopg and to be linked PostgreSQL libpq, 
I may distribute libpq under terms of my choice？

> Note that the GPL was chosen to avoid proprietary adapters based on psycopg
> code. Using psycopg in a proprietary product (even bundling psycopg with the
> proprietary product) is fine as long as:
> 
>  1. psycopg is called from Python only using only the provided API
>     (i.e., no linking with C code and no C modules based on it); and
>
>  2. all the other points of the GPL are respected (you offer a copy
>     of psycopg's source code, and so on.)

"all the other points of the GPL" means "excepting GPL clause 2(b)"？

As long as respect 1. and 2. , i may distribute X(X is linked psycopg)
under terms of my choice？


Best regards,
Hideki NISHIKAWA / NTT DATA CORPORATION