I just lean towards the side of lesser profits for IP holders v. open telecom's entrepreneurial and small-business benefit to people with innovative ideas. This just creates one more way that all entry into the internet marketplace requires massive venture capital from people who will sell your dream off to Comcast, Disney, CBS, etc as soon as the charts say they're maximizing their RoI. I want to see venture capital die because people nurse passion projects into primary income businesses over time. This change will make that even less likely to happen.
Of the stuff you have spoken to CA, I only care about the child porn and going after the individual who is in our borders is definitely something that is practical for that offense. IP concerns? Whatever. I don't think policy goals should be primarily about increasing the surface area of profits even if I philosophically agree with IP protections. Businesses never profited 100% of the time anyway. People have stolen stuff from retail stores. Copied ideas. What have you. I don't see why we should be doing irreparable damage to a communication commons to try to create the first marketplace in human history that has zero theft.