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There's a lot of reasons for and against this idea.
The #1 reason though why we WOULDN'T want this to happen is because it would be too easy to filter out adult content from the browser or ISP level.
ISP's can automatically block out sites with extension .xxx and companies could do the same to keep workers from viewing porn at work.
Wives would always signup for the "family friendly" version of there ISP thus also stopping the possiblity of "Daddy" ever sneaking a peak now and than.
So while this wouldn't be the end of adult internet by any means, but I think it would take out a huge chunk of income.
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