The FCC is now saying that it will delay any ruling on net neutrality until after the election.
I take this as a sign that Obama, and FCC Chair Genachowski intend to sell out completely to the incumbent telcos and cable companies, but they do not want to enrage the netroots base, as well of the users of a little service called Facebook, see the survey numbers on social media users, really care about preserving net neutrality.
In my opinion, they are waiting until after the election to screw the base in order to benefit the big players, and they know that this will cost them votes if it comes out in September of October.
I should note however, that the redoubtable Harold Feld, who does this for a living, is more optimistic than I am about such things.