However, it's a good thing that language was removed! So perhaps, this is an example of the benefit of the outrage over this bill. But at what point do we look back and decide that the changes are sufficient and stop the mob?
Also, even if SOPA is defeated or rendered toothless, the AAs will just keep trying to ram their insane demands through Congress. Our representatives need to really understand that the cartel lobbyists don't represent the will of the people, and we won't accomplish that by shrugging and saying, "Eh, good enough."
Personally, I'm not sure what to believe; I think some probably have good intentions but I don't trust the MPAA/RIAA at all and there's enough money moving around to be very skeptical of the rest. I think the parts of the bill that target the "counterfeit goods" sites are probably necessary, but as `dissident` points out, its possible that the consequences to DNS and CDNs outweigh the benefits (but Im not convinced yet :)
Regarding your second point, that is what I was getting at earlier in this thread: that as long as we rely on DNS, there will always be an opportunity for censorship. The tech-savvy need to start looking into `namecoin` and other DNS alternatives if we want to guarantee freedom.