This monopoly, pricing, bandwidth, fairness discourse is just a smoke screen.
The government wants to regulate the Internet so they can control how ISPs operate. The government wants to control "illegal" Internet traffic. The term "legal traffic" and "illegal traffic" is a recurring theme in the various descriptions of the new regulation.
So, say goodbye to websites that serve "illegal traffic." USENET, illegal traffic. Wikileaks, illegal traffic. Gambliing sites, illegal traffic. Porn sites, depends on the jurisdiction.
It will be hard for ISPs to keep track of what is and what isn't legal based on jurisdiction. I think the Department of Homeland Security could help by setting up monitoring at various NAPs so that DHS agents can filter dynamically in real time.