What Google and Verizon are proposing is fake Net Neutrality. You can read their framework for yourself here or go here to see Google twisting itself in knots about this suddenly "thorny issue." But here are the basics of what the two companies are proposing:
1. Under their proposal, there would be no Net Neutrality on wireless networks -- meaning anything goes, from blocking websites and applications to pay-for-priority treatment.
2. Their proposed standard for "non-discrimination" on wired networks is so weak that actions like Comcast's widely denounced blocking of BitTorrent would be allowed.
3. The deal would let ISPs like Verizon -- instead of Internet users like you -- decide which applications deserve the best quality of service. That's not the way the Internet has ever worked, and it threatens to close the door on tomorrow's innovative applications. (If RealPlayer had been favored a few years ago, would we ever have gotten YouTube?)
4. The deal would allow ISPs to effectively split the Internet into "two pipes" -- one of which would be reserved for "managed services," a pay-for-pay platform for content and applications. This is the proverbial toll road on the information superhighway, a fast lane reserved for the select few, while the rest of us are stuck on the cyber-equivalent of a winding dirt road.
5. The pact proposes to turn the Federal Communications Commission a toothless watchdog, left fruitlessly chasing consumer complaints but unable to make rules of its own. Instead, it would leave it up to unaccountable (and almost surely industry-controlled) third parties to decide what the rules should be.