There is a very large difference between laws that protect creativity and laws that regulate the internet, this law clearly regulates the internet and pushes most forms of creativity away. There is absolutely no excuse for a law like this.

Infact, I'd go as far to say that this law is the result of Hollywood refusing to change their business model (a la no innovation) to help convert a lot of pirates into buyers. There is no reason their can't be a distribution model similar to Valve's Steam that emphasizes good deals, convenience, and availability.