TM is trade mark, R is registered trade mark.
"Presets Born from FilmTM" is their trade mark as TM says, note that they say "Kodak Everyday® Originals" and not "Kodak Everyday® OriginalsTM" because it isn't their trade mark. When they say "Kodak Everyday®" they are mentioning a registered trade mark that belongs to another company as the disclaimer says.
Sure they use weasel words, but Mastin Labs emulation is a real operating company and I guess that their commercial wording has been analyzed by specialized lawyers to be legal.
I think it's relevant, you can print big the commercial literature, their Trade Mark is "Presets Born from FilmTM", not Kodak Everyday®, that is mentioning a Kodak registered trade mark, as R notes.
But time will say it, if they infringed Kodak's protected assets then they will have problems.
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