Once you invite the FCC into regulating the Internet, you end up with a few appointed non-technical guys whose first loyalty is to a political party (In this case, Democrat, but I'm not saying GOP-controlled FCC would do a much better job of regulating) or to the special interest groups they support defining the various parts of the Internet in ways that make no technical sense, but allow them to accomplish their supporters very financially and power-based objectives.
As a result, the Internet becomes required to stagnate under their defined model, severely restricting the ability of the people who actually run it and use it to innovate in order to serve people better and slowing improvements in technology until they can be made to fit under stupid artificial distinctions like "end user" and "edge provider".
They're not actively trying to mess up the Internet, it's just a known side-effect of allowing them power to do so under public choice economic theory.
So for all of you who kept advocating for the FCC to get involved in regulating the Internet under the naive belief they'd impose your personal vision of Network Neutrality, this is the type of regulations you really get, plus distinctions between land lines and wireless, and all the other crap they're going to keep "refining" the rules to cover over time.
Those who kept pointing out the reality of the FCC regulating anything (that it really just puts Verizon, et al in charge) every time a network neutrality discussion occurred on /. will just quietly think "Toldja so" and hope people remember this the next time they advocate for a government commission which will inevitably suffer regulatory capture to control something else.
In the meantime, you'll eventually wish you could just purchase from a provider the service you actually want to have, but by the time they tell you that sort of service is now illegal, it'll be too late.