It's couched in all kinds of nice geek speak, but basically this is a PAC being created for one goal, campaign finance reform. As I do not believe that campaign finance reform should be used as a method to limit the speech of others, i'm out of this one. Sorry, Woz, not gonna be on your side of this fight.
"Campaign finance reform" as a term used today is an attempt to stop grass-roots individuals such as those who funded this PAC from being able to donate in the future to organizations that support their own beliefs. Only those who can afford to pay for political ads personally will be able to play, and those who can't won't be able to band together as they do today.