The Bright Spot: Net Neutrality

"If we wait too long to preserve a free and open Internet, it will be too late," Genachowski said citing a number of recent examples where network providers have acted as gatekeepers:

"We have witnessed certain broadband providers unilaterally block access to VoIP applications (phone calls delivered over data networks) and implement technical measures that degrade the performance of peer-to-peer software distributing lawful content. We have even seen at least one service provider deny users access to political content.

"The rise of serious challenges to the free and open Internet puts us at a crossroads," Genachowski said. "We could see the Internet's doors shut to entrepreneurs, the spirit of innovation stifled, a full and free flow of information compromised. Or we could take steps to preserve Internet openness, helping ensure a future of opportunity, innovation, and a vibrant marketplace of ideas."

Read more at Huffington Post: FCC Chief Boldly Commits to Net Neutrality