Your internet service provider in the US can now charge you extra to access certain parts / services of the internet.
So for example Netflix, you pay for the Netflix subscription and your ISP bill, now your ISP can charge you extra for streaming content through Netflix (this applies to other services like Spotify and online gaming too). ISP companies can now legally dictate what, at what speed and whether you will be charged extra for accessing different parts of the internet.
There may still be "unlimited access" like we have now but it could be an extra expensive package offered by ISP rather than the given it currently is.
""The court's decision will allow more room for innovation, and consumers will have more choices to determine for themselves how they access and experience the internet," ~ Verizon
Opinions?
Read further at - http://www.bbc.co.uk/news/technology-25743200
EDIT - Posted in wrong section, requesting move to World Issues pl0x