Well here's a take on it that doesn't come from a right-wing crank like Fund:
Wired thinks the new regulation was not complete enough.
Back to my point: how do you know if your ISP steers your traffic to/away from certain sites? There's a huge amount of money to be made, so they certainly have incentive.
I don't begrudge them wanting to make a profit. I'd just like access to the 'net that is unflavored (for someone's profit). How can I get it, without regulation? How do you tell if you're getting screwed by your ISP, in the libertarian world in your mind's eye? Do the companies that do (move your traffic around), come forward and admit their practices, out of the goodness of their hearts?
-edit- cleared up a sentence that ended up with some extra words in it.