From my brief reading, I would tend to agree. This seems to be more about providing copyright holders with 1) a channel to spread their propaganda, 2) a method

From my brief reading, I would tend to agree. This seems to be more about providing copyright holders with 1) a channel to spread their propaganda, 2) a method of getting notices to people they claim are pirating and 3) the ability to scale to termination of services for repeat offenses. I didn't read closely enough to see if they could ask the ISPs for contact information on repeat offenses. Ugly? Yes. SOPA-redux? Not so sure. The "spying" would still be the RI/MPAA doing whatever they've done until now.