You say you want the power to time-shift and space-shift TV and radio? You say you want tomorrow's innovators to invent new TV and radio gizmos you haven't thought of yet, the same way the pioneers behind the VCR, TiVo, and the iPod did?
Well, that's not what the entertainment industry has in mind. According to them, here's all tomorrow's innovators should be allowed to offer you:
"customary historic use of broadcast content by consumers to the extent such use is consistent with applicable law."
PDF of the Draft Legislation
Thanks Joanne for the link to Big Content would like to outlaw things no one has even thought of yet