Bad news. According to Ars Technica, the FTC has issued a guideline report (a non-binding report that is given to advise lawmakers and policy makers) critical of net neutrality.
In a statement, Chairman Deborah Platt Majoras said, "This report recommends that policy makers proceed with caution in the evolving, dynamic industry of broadband Internet access, which generally is moving toward more - not less - competition. In the absence of significant market failure or demonstrated consumer harm, policy makers should be particularly hesitant to enact new regulation in this area."
...And wait, the FTC argues that because the net neutrality debate has gotten press attention (albeit, very little) there is no need to actually bring regulation:
"As a byproduct of the ongoing debate over network neutrality regulation, the agencies have a heightened awareness of the potential consumer harms from certain conduct by, and business arrangements involving, broadband providers," the report states. "Perhaps equally important, many consumers are now aware of such issues. Consumers - particularly online consumers - have a powerful collective voice. In the area of broadband Internet access, they have revealed a strong preference for the current open access to Internet content and applications."
Further down the Ars article, the FTC report states that no further action should be taken unless the cable and telecom companies are actually shown to be abusing their positions. However, as I have stated, this is already happening. ISP's are now acting as deputies for the NSA or RIAA (AT&T), or they are artificially slowing people's connections (Time Warner).