I'm honestly surprised that Mozilla haven't been more vocal about this issue. Have they issued any statements what so ever?
Seeing what amazing things the web have enabled the last few decades, purely by being open, who are we to deny the future the same possibilities by locking it all down now? What sort of short-sighted asshole would propose such a thing?
To those who yammer on about Netflix: Allow me to paraphrase Benjamin Franklin. He who gives up freedom for comfort deserves neither.
If this goes through though, what I see others are calling out for is a new consortium. If the W3C is hellbent on forking and fragmenting the web, then lets have it. But let's have it on our terms: By creating a new open web standards consortium.