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Main page for Sun Studio and Sun Studio Express can now be found at http://www.oracle.com/technetwork/server-storage/solarisstudio/overview/index.html

Here's a link to the Legal readmes for SunStudio 12:

http://www.oracle.com/technetwork/licenses/solaris-studio-license-169628.html

My understanding of the Distribution readme is that you're fine to distribute stuff you've built with Sun Studio. The Entitlement Agreement gives you a perpetual RTU:

As I understand it this means if you already have Sun Studio you are licensed and are able to distribute your binaries. It also seems to say it's fine to share it with fellow developers and 'researchers':Permitted Use: You may reproduce and use the Software for
Individual, Commercial, and Research and Instructional Use,
subject to and conditioned on Your compliance with the
Additional Terms below.

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