I've heard opinions on this agreement that seem to range from a group believing it to be pure evil to another who thinks the former group is largely overreacting. It's long, complicated, and possibly obfuscated, and I'm not exactly sure what's going into it, but people seem to be up in arms about the part where ISPs are required to hand over logs of their users' activity, which definitely sounds like a frightening prospect, among other issues. However, I know internet communities (specifically Reddit) can blow things way out of proportion, which could be the case here.
So, is the internet overreacting or is this a real threat? Any more light to shed on the details or opinions to share from someone more knowledgeable/smarter than I am would be appreciated.