Opinion piece from the LA Times. I’m well out of my depth on this one. So are these guys right? No biggie?

The appeals court ruling Tuesday that rejected most of the Federal Communications Commission’s “net neutrality” rules sent a fair number of Internet advocates into panic attacks. But the worst-case scenarios laid out in the media — consumers gouged, rival websites blocked, commercialization triumphant — are for the most part overblown.

That’s because the ruling was actually a victory for the methodical rule-making process conducted by former FCC Chairman Julius Genachowski (shown in an unflattering photo above). In sharp contrast to his predecessor’s attempt to force broadband Internet providers to treat all legitimate traffic on their networks equally, Genachowski’s rules weren’t thrown out wholesale.

In fact, the court held that the FCC established that it did indeed have the authority to protect “edge providers” — that is, websites, services and uploaders — against mistreatment by broadband Internet service providers. What the court rejected were the specific rules the commission adopted to preserve openness online.

More: ‘Net Neutrality’ Rules Defeat: It’s Not as Scary as It Seems