What I'm wondering is whether this "change" to Net Neutrality is a matter of ISPs capitalizing on the obsolescence of other services.
For example, VOIP such as Skype and Teamspeak all use the internet to talk to each other (sound and/or video) which makes phone companies obsolete. For any Futurama fans out there, the episode "Attack of the Killer App" makes a stab at this. When the characters all get their "Eyephones", Fry inadvertently discovers that he's receiving a call and is shocked saying "The Eyephone is a phone too?!?!". It's funny but true in that you could rely on an internet connection and a VOIP to communicate. There's a quality of obsolescence to landlines.
And now with high data streaming services such as Netflix, and gaming services such as Playstation Now, these are innovations that make some forms of data storage such as gaming discs obsolete if the consumer has an internet connection that can facilitate it.
So I can kind of see arguments for and against net neutrality. The arguments for are easy to rally behind because we aren't invested in the infrastructure like an ISP is; we are essentially naive to them. So when we hear that they want to offer tiered speeds to the content providers (they already offer tiered "speeds" to consumers but that's a sham) it's easy to rationalize that as extortion. I mean it practically is a shakedown, and I'm sure we've all seen the graphic:
Comcast, Uverse, and others all jumped on the opportunity to alter Netflix's speeds after the courts said that ISPs aren't common carriers. Looks like discrimination to me.
Now, what about arguments that it's reasonable for ISPs to get more cash from data creators in exchange for faster service? Well if they are legally allowed to do it then companies will pay for it if they need to (high traffic services like Netflix and Playstation Now will have to) and that money goes into the ISP's capital. Now what I would expect from the ISP is to put that cash back into their business, hopefully with infrastructure that can accomodate an increase in traffic. If thy can handle more traffic then they can carry more data overall which means more people can use the higher-traffic services effectively.
The big worry is the artificial control an ISP already has over that though. I've mentioned in before but ISPs do not have to guarantee a speed to consumers. I pay for up to 30 Mb/s (roughly 3.2 megabits; enough to stream Netflix in HD) however I'll never actually GET that speed because I'm part of a large infrastructure that carries multiple customer's data already and my speed is controlled by the capacities of that infrastructure.
Now, what if this happened: Net Neutrality gets changed, ISPs get more cash but the demand for Netflix/Playstation Now is still high. An ISP would resort to making sure that they can guarantee a "minimum" speed that keeps me using them*. Thus they increase their infrastructure capacity, I get higher speeds, and maybe soon 30 Mb/s would be my minimum guaranteed speed. I mean seriously, imagine an ISP that could GUARANTEE a minimum speed of 30 Mb/s because their infrastructure was so robust. I'd flock to them immediately (if only my dental school choices included an area that had Google Fiber...).
* Now onto this asterisk. Unfortunately, most ISPs do not compete with each other and areas tend to have at most 2 major ISP choices. That reduces their incentive to increase their infrastructure capacity to me because I'm geographically isolated to them. It's them or nothing. That is a MAJOR problem for the argument for changing net neutrality and allowing ISPs to essentially cash in on obsolescence.
I'd be more excited about a tiered speed for data creators IF there was a healthy regional competition for ISPs which would give an incentive for them to invest FOR me. But there isn't anything like that.
So how do I feel? I wish I had invested in Comcast much earlier, especially of the tiered system becomes legal. Otherwise I'll gladly give up Netflix if its not valuable to me (costs too much; if I can't get reliable HD streaming I'll give up Netflix before I give up my only ISP...). That's DEFINITELY not fair for Netflix; ISPs will always win the value game and they know it. So yea...I wish I had a time machine to make some investments...