Awesome development. Thanks a ton for posting this!
There's an understandable but important typo, though:
"Finally, it puts forth suggestions for patent reform that go way, way, way beyond anything we've seen legitimately discussed in Congress, ever."
I assume this is meant to be copyright reform, not patent reform.
Anyway, this is certainly a happy development, and I'm kind of surprised it took this long. I've been sorely disappointed by the Dems' pandering to the Hollywood lobby on issues of copyright. I was surprised when, under Republican-led Congresses, the Republicans let the content industries be so successful in the pivot to property rights rhetoric.
Property ownership is much more clearly at stake with one's ownership of one's computer, and copyright has gotten to the ridiculous point that I can effectively be accused of breaking and entering my own computer. For a party that clings so strongly to the importance of property ("real" or chattels), copyright-as-property is best viewed skeptically, to say the least.
They do have copyright in the takedown notice. It's a creative work fixed in a tangible medium. However, as both Fox and ChillingEffects lawyers certainly know very well, this is a classic example of fair use.