Account creation:When creating a new account you're no longer asked to choose an account level. You're only asked if you want to upgrade to a paid account. It is not mentioned anywhere that you can have a free and advertising-free account.
Not seeing the same text on the FAQ: some of you may see a different version of the FAQ quoted above if they're viewing the site in another language than American English (because volunteers haven't had the time to update the FAQ in their language). So here's a screencap.