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Actually you have a lot to potentially lose since you were once on Smashwords. The exclusive contract with Amazon states "distribution" and not "sale." Smashwords (and others) will continue to distribute your book to anyone that already bought it... for life. So you are potentially at risk of violating your contract already.
This also means you better not give any copies away via your own web site, or any other means. This includes print copies, special editions, and so on. The language can even be extended to refer to other books you write that are simular to the one you have with them.
Check out some of the links in this thread they cover the contract better then I can but the deal is harmful to the authors, and helps Amazon. Its a bad deal for anyone, IMO.
Wether or not Amazon chooses to enforce the full power given to them in their contract is another story and anyones guess until it happens. I personally think its a bad plan to given that power to begin with.
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