Declan McCullagh offers this commentary at C|NET News.
A snippet: “It’s too early to know what the FEC will do. The regulatory process has just lurched to a start, and a final rule is not expected until the end of the year. We do know that thanks to the outcry from thousands of bloggers, the draft regulations released on March 23 are not nearly as onerous as the March 10 draft would have been.” My reasons for disagreeing with that assessment are found here.
In other commentary on the FEC’s internet rulemaking, see Bloggers Balk at Proposed FEC Rules, FEC Lays Out Timetable to Consider Possible Internet Regulations (Roll Call – paid subscription required) and this Roll Call oped, “BCRA and the Web.”