Companies never want to be regulated. Almost by definition. Thats why we have a government to force them to follow the law.
If IP rights are weakened by this, and its easier for competitors to reuse other people's code/innovations, then that sounds awesome to be, TBH!
> is not going to be viable for a whole swath of online-only game studios
If there is demand from players to play these types of games then someone will make them.
Its only getting easier to make games, after all. I'm not too worried about the dinosaurs losing their edge.