(For those following and don't know what a netflow is, it doesn't contain payload data. It's more or less headers and statistics. Nothing about CISPA attempts to limit information to netflows only.)
I wish this bill were more focused on network security events and didn't have any language in it to deal with stuff like cyberbullying, but I'm glad it's moving forward.
Worst case scenario we find it in the Supreme Court where it gets narrowed to be more like what it should have been written as. Happens all the time, we're not going to wake up to a dystopian future with silent arrests and "we have always been at (cyber) war with Eastasia!" the day this passes.
Note also that "limited" in governmental terms is about sigma shy of "all."