To me this is just a temporary setback, and a reminder why we need to focus on developing new technologies, like a "truly decentralized internet", blockchain, cryptography, and more.
It almost feels like a the death throws of a monster that will do a lot of damage is it goes down, but will ultimately be overthrown by the better forces in the world.
Edit:
"Truly decentralized internet" is a loaded phrase, so I'll expand a bit. The fact that we see small companies and municipalities beginning to develop their own ISPs is a positive trend in the right direction.
Mesh networking has the potential to happen. Most WiFi chipsets in theory support short range mesh, and the gear from Ubiquity and others, not to mention SDR also have this potential. In fact, I'd hypothesis that the basebands in most cell phones have the hardware capability to participate in mesh typologies. The right software could enable some very interesting things. I could be totally wrong here about the HW capabilities. Anyone care to chime in?
Layer proper digital identities, and something like TOR as a first class citizen, and you start to get a pretty nice picture.