Sorry about the politics again, but I feel obligated to do my part to spread the word about this. I think the ratio of ramifications to how many people know about it is really big on this one. It's the first proposal to censor the U.S. Internet. It will put us in a club that includes China, Syria, and Iran.
Suffice to say, watch the video, that will explain it pretty well. And then visit americancensorship.org.
Oh! But before I forget, here's the most important point I can get across: It won't work. Not at all. There are already point-and-click workarounds. This won't stop a single criminal. If you know enough to use BitTorrent, you know more than enough to be able to simply ignore this legislation. It is a completely half-baked bill. Half-baked, but horribly destructive.
Note: PROTECT IP is the Senate version of the House's SOPA bill.