If this really passes, it's a great day for consumers, innovators, and entrepeneurs.
The FCC Chairman proposed declaring the internet a utility (which it is). That will give the FCC power to institute complete Net Neutrality. No fast lanes or slow lanes. No blocking or throttling content. A completely equal playing field for all. The way the internet should be. The way the internet has always been.
I'm still worried that something will go wrong here, but I'm blown away that he actually agreed to do this. The president should be given the credit for applying pressure. The FCC Chairman came from the very cable industry that was rubbing its hands, preparing to gouge you. He had to be dragged into this, kicking and screaming.
The telecom giants are already threatening to sue.