The night the music died - for US net neutrality

So Congress will (the manic mainstream media all agree) swing to the right, and not just the right but the Teabagging Right (who continue to deny that Europe passed net neutrality legislation in 2009) - think 1994. What does that mean for telecoms policy? Well, maybe Google was right to cut a deal with Verizon and hope for the best. But as that infamous 'Contract on America' Congress did pass the 1996 Communications Deregulation (sic) Act, you might be surprised by the action on spectrum reform that could come.
UPDATE: so a Republican House and Democrat Senate (just) - with both Whitman and Fiorina (unless the OC pushes her ahead) losing in California (former CEOs of eBay and Hewlett-Packard respectively).
UPDATE 2: So Cliff Stearns will become Chair of the Sub-Committee - and privacy will be high on his agenda, which makes the Google Buzz settlement of particular interest. He also pushed House Bill 5257, so US net neutrality is comatose until at least 2012 (and probably longer).