Termination of "Service" is not the same as revocation of the "license":
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"Service" means the wireless connectivity that we provide Kindle users, the provision of Digital Content, Software, and support and other services that we provide Kindle and Reading Application users, and the terms and conditions under which we provide each of the foregoing.
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You also have a limited right to sue:
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Disputes. Any dispute or claim relating in any way to your use of the Kindle, Reading Applications or Kindle Store, or the goods or services sold or distributed by Amazon or through the Kindle, Reading Applications or Kindle Store, will be resolved by binding arbitration, rather than in court, except that you may assert claims in small claims court if your claims qualify. The Federal Arbitration Act and federal arbitration law apply to this agreement.
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It is an Internet myth that a licensee has no rights at all, whereas only a purchaser has enforceable rights. Its more complicated than that, and really depends on the terms of the license.
As always, consult a lawyer before taking any legal action.