The bill still has to go through committee (LOL that will be fun) and back to the house, and then the Senate. I can see an election happening long before this becomes law.
Politically, this is pretty stupid to roll out, but I think Harper is feeling heat from American business interests and bowing to them - SOP for this government.
In the scrum at the announcement, there were deflections over questions over whether a kid remixing and uploading a song to YouTube would be slapped with a $500 fine. I think they know they are vulnerable on this: Vernier suddenly developed a hearing problem and Prentice was a bot, repeating carefully scripted talking points. Watch the video, it's quite amusing:
http://tinyurl.com/3zvmjnLet me assure you, while Canadians are mostly passive, people will hold this one against the government Some of you may remember when there was that outrage over Rogers Cable's negative-option billing scheme. The lesson that all governments should heed is that it's not wise to mess with a Canadian's media.
:)