This is definitely a big deal that the government is now censoring the internet. Piracy may be the main attention for now, then they may try to shut down any website where the main topic is drugs, and so on, eventually romhacking.net will be closed down, and maybe someday we may only be able to go on "government4u.com" (not a real site) for all of our internet needs.
If they can shut down megaupload, who's to say they can't shut down whatever they want.