I personally see the government hitting the big guys and leave a warning. The problem is can they stop all the people looking for money? It might stop some people but people will always skirt the rules to make money.
Honestly the biggest issue isn't the legislation but the fact that they will chase everything with outdated laws. Take for example copyright, it has not been adapted for digital content. The legislation will take forever to pass. So the government will use its outdated laws and spread its wings to force people into costly lawsuits. Also, the defendants are in a disadvantage due to the corrupt system.
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I think the system will be made obsolete by the time they do catch up. We are seeing things move rapidly and in a networked world, they do not really have a place.
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