The FCC chairman is quoted as saying "For the first time, we'll have enforceable rules of the road to preserve Internet freedom and openness." But I think by regulating it even more and forcing net neutrality, it gives the Government and the FCC more control over free speech and monitoring of your personal PC. Since the current administration has taken office, they have pushed for more nationalization and control over businesses and other sectors and they have been trying for a year now to push for this ruling and it looks like they got it. As usual, this will end up in the courts and it will go from there.
Watch this video on the 3 reasons the FCC shouldn't touch the internet. From Reason.tv's YouTube page:
Yahoo!/AP: A divided Federal Communications Commission has approved new rules meant to prohibit broadband companies from interfering with Internet traffic flowing to their customers.
The 3-2 vote Tuesday marks a major victory for FCC Chairman Julius Genachowski, who has spent more than a year trying to craft a compromise.
The FCC's three Democrats voted to pass the rules, while the two Republicans opposed them, calling them unnecessary regulation. The new rules are likely to face intense scrutiny on Capitol Hill once Republicans take over the House. Meanwhile, public interest groups decried the regulations as too weak, particularly for wireless systems.
Known as "net neutrality," the rules prohibit phone and cable companies from favoring or discriminating against Internet content and services, such as those from rivals.
The rules require broadband providers to let subscribers access all legal online content, applications and services over their wired networks — including online calling services, Internet video and other Web applications that compete with their core businesses. But the rules give broadband providers flexibility to manage data on their systems to deal with problems such as network congestion and unwanted traffic including spam as long as they publicly disclose their network management practices.
Read the full thing here
Incoming 112th Congress vows to fight it and over turn this - article here