Not to mention its a giant monopoly that has very little regulation that matters when you have no choice but to use them. Theres only a few outcomes this will play out to in my mind. Either things will get so bad theyll be split up and/or regulated as a public utility and such, or there will be some sort of big revolution / revolt / underground market (think tor, mesh networks, etc.), OR the populace will be made more docile than they are now big brother style until one of the first two options eventually comes to pass in the wheel of life.
I am astonished that a company can lobby successfully in the name of "consumer interest" when ranked the worst in customer satisfaction (for years).