I once heard that "sort of" is the worst thing you could possibly hear: "you're going to live....sort of". Anyway, many of us struggle with licensing, so I wanted to point you to a resource that has really helped me out - it's a new guide to SQL Server Licensing. You can find it here:

http://download.microsoft.com/download/6/F/8/6F84A9FE-1E5C-44CC-87BB-C236BFCBA4DF/SQLServer2008_LicensingGuide.pdf