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I think the new regulations will make some people think twice about this biz, if they hear about them. Let's face it, if a business is selling packaged turnkey sites to newbies, they'll probably tell them they have everything including the documentation they need to get going. But are they likely to say, "Oh and by the way, if you don't do these 25 things and continue doing them, you'll go to jail" or are will they say, "BTW, if you work at home, you're going to have to put your home address on your website."
So I think a lot of people will still get into this business and not realize the full extent of the legalities until they meet some people, make some friends, and do some reading.
From the noob standpoint, I think making this business less appealing is a good thing. As it stands we attract far too many people who think they just buy a domain name put up a set a pictures and presto! the bank account starts filling up. It'll deter the hobbyists, the wanna-bes, and the not-very-serious. People who want to make money in this business will always find a way.
dzinerbear
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