Maybe one of the first examples of negative effects of the FCC take over of the internet:
To summarize, TMobile wants to offer as part of their wireless data service, the option to stream certain content without it counting against your data limits. They can afford to do this by optimizing it for smartphone screens, lower resolution and bit rate basically. This technically violates the FCC regs that require equal treatment for data however, so some groups are against it, even though consumers would want it.
Which might mean innovation is stamped down, lawsuit are ramped up, and so is your bill to pay for more lawyers and lobbyists.
Does T-Mobile's Binge On Service Violate Net Neutrality? Probably, Which Is All You Need To Know About Net Neutrality. - Hit & Run : Reason.com