Only a temporary reprieve 'til they regroup.
The Copyright Industry mob aren't used to knock-backs. Don't kid yourselves, this ain't success--just a temporary delay. Next round, the Bill's wording will be watertight.
In the meantime, in all countries the US calls allies, the drafting of almost identical yet-unseen laws* continues unabated, this kerfuffle will only ensure that these yet-unseen bills/acts will also be watertight.
[* When the US commanded other countries to implement their versions of the DMCA they said 'yes Lord' and acted immediately.]
**Don't say you haven't been warned.**
The only way to head off (partially ameliorate the effects of) version 2 of SOPA/PIPA is to demand reasonable and fair copyright reform internationally--reform where creators and users both have rights under copyright law. (No, this doesn't mean condoning piracy.)
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