HN discussion from last year on this subject: http://news.ycombinator.com/item?id=2654346
Blog posts with some more analysis and links to draft reports / amendments:
http://blog.c22.cc/2012/03/29/eu-legislation-digging-below-t...
http://blog.c22.cc/2012/03/29/eu-legislation-digging-below-t...