Firstly, this isn't a law no matter how many times people in this thread call it one. It's a regulatory action.
Secondly, it is most certainly a power grab. Not by "teh skeery gubmint", but by the FCC. The courts have told them that this is beyond their scope, but they insist on ignoring that. Whether or not you think net neutrality is a good idea is pretty irrelevant.







