I have to say in principal I agree with a lot of what the new legislation is setting out to acheive. I have not read the full bill, but I do think regulation is FAR better then the current situation.
I also do not see it as an immediate death knell for affiliates. I promote legal products and services and do quite well on the retail side so I dont think its mandatory that online gambling be in a dark grey area for us to earn good money promoting it.
Nothing is ever going to be 100% perfect and spot on with what everyone wants, but I do feel that this is a step in the right direction and it opens up the dialogue of repeal which is a major accomplishment.