Just finished reading the Wikipedia article in full and it actually seems fairly sensible given how quickly this had to come together.

Draws boundaries in what seems like sensible places (potential for social harm, amount of compute involved in training etc).

It tries to get out of the way entirely of a bunch of non controversial use cases.

Honestly I don’t hate it at first glance. The biggest thing I think people will get upset with is like GDPR this doesn’t just target EU based companies but companies who want EU users.