Well, if people have to be more careful about what they show in the publicly accessible part of their sites, it can't be all bad.
Everyone will lament that the sites beyond US law will be exempt, but I know several webmasters found that a good tease worked as well as or better than a hard-core "deliver." In fact, one of them is making a mint with a panty tease site that never even shows a pussy!
On a somewhat less related note, I've seen people put up banners with hard-core scenes in them on their WARNING page. Think about that for a moment.
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