I posted this on facebook... The drawback to this is that it encourages providers to build up their "pay for play" networks while ignoring the massive overselling of their default tier and charging the content providers to ensure that their traffic doesn't get lost or delayed in the shuffle.
A solution for this would be for the Federal Communications Commission and/or the Federal Trade Commission to require Internet access providers to have a specific percentage of their sold bandwidth available on their public network. If you have sold 3 Terabytes per second of data connections, you must have 1.25 Terabytes per second of bandwidth connected to the internet available on your public network.