People! Hear me!
You may not wish to believe this, but it is in fact GOOD NEWS EVERYONE! Please, allow me to explain.
Ireland is a rather small internet market compared to other industrialized nations. This will be a perfect experiment to show what the law will do. It will likely fail miserably, and eventually in such a small country the outcry will be too much and it will be repealed. The damage will be undone, and we'll have a shining example of why we SHOULD NEVER put forward such a law.
Had this happened in America, politicians would have tried to come up with other issues to distract us from trying to get it repealed and it may have come to be a fact of life.
So this does suck for Ireland, but for the whole world it could be a bit of a boon.