It appears that the recent decision is one of the steps towards making internet access more like cable tv i.e. customers pay more and established companies make more money, possibly way way more money. ISPs may be able to do things like make bandwidth for customers who want to access google.com expensive, but their own search engine is cheaper.

Over the long run, we could be seeing an internet that entirely mimics television i.e. customers are limited to cooperative channels/webpages based on how much they pay the provider. I'm far from positive on the details, but this could be terrible. It could even be that the ISPs get so fucking powerful that they limit bandwidth for any domain that doesn't pay them dues or something