No, it's not gibberish -- it's Tsalagi for "turkey eating time" (in the page referenced above, look just above item 3). The 2nd letter, "v" is actually pronounced like "uh" and the rest of the letters are pronounced as we do in our version of English.
PC Magazine has a Product Activation FAQ which supposedly takes the mystery out of the process. See for yourself.
Secunia has issued this advisory for a privilege escalation vulnerability in PC Anywhere. No fix yet ... the workaround is to
1) NOT run PC Anywhere as a service -- or --
2) grant only trusted users access to vulnerable systems (yeah, right!)
I activated my account. Seems to be pretty full-featured ... I've got SSH access (without a lot of rights, natch) and I can set up FTP users and email users and I can point an existing domain at the site. Everything seems pretty snappy except for the control panel and that is painfully slow.
More when I've had more experience.