At this point, it is more than apparent that ISPs can't be trusted to self regulate in a manner that is anything but the pinnacle of greed and self interest. Government oversight and regulation are required, but only the bare minimum necessary to facilitate a free and open internet. I trust the government less than I trust ISPs, but for different reasons. If regulations are passed, it will be necessary to scrutinize the fine print, for certain.
Imo fine print means nothing once the government gets a foot in the door. It is easily reinterpreted and often will be, but always in the government's favor. Also we will be inundated with reports of how broken the system is (which it isn't, although it is far from perfect) and how much more regulation (and black boxes at the ISP level) is temporarily needed to protect us from terrorists until it is fixed, whenever that will be. Plus the cost would go up somewhere. The government nowadays does nothing for free. At least let's wait until after September 2015 to see what the realworld future of the internet will be. Just my thoughts.
Cheers to everyone and wishing all a very merry Christmas. 🙂