It's all in the wording!

When the FCC Chairman, Tom Wheeler, strongly hinting in an interview yesterday at the CES convention that the Commission will propose reclassifying and regulating broadband providers under Title II of the Communications Act, advocates of Net Neutrality cheered.  Alternatively, the Commission is (was) consider using Section 706 of the Telecommunications Act that would allow the FCC to take measures that "promote competition in the local telecommunications market or other regulating methods that remove barriers to infrastructure investment."  With re-classification, broadband providers would be considered utilities that are required to serve the public interest and are prohibited from making "any unjust or unreasonable discrimination in charges, practices, classifications, regulations, facilities, or services".     What all this will mean for future investment, compliance costs, and new entry will boil down to how the rules are worded.  The devil will be in the details!