I thought I had a good understanding of the DNN licensing until I heard Shawn speak on .NET Rocks. 

Now I'm absolutely confused and it no offense to you Shawn, but it appears you were confused as well. 

Can I create a derivate work, box it, and sell it or not? 

On the DNN download page, the license states I can.  However, in the interview, the first answer was "yes", but the second answer was "no".

The reason I ask is, my specific scenario.  I want to use DNN as the foundation for an Intranet site that I plan on boxing and selling to a number of airports with custom modifications.  The benefit to me of using DNN is the off the shelf third party modules, simple skinning, and that I can easily extend the functionality of the the site without compilation problems.

DNN is a fantastic framework for most scenarios.  However, if I can't do this legally, I'll need to roll a custom ASP.NET app instead.