I'm imagining a situation where Susan Startuper wants her HN fix 20x a day just like everyone, but refuses to pay for the "Hacker Channel" subscription with her ISP. She still gets access but only at 128kb/s. In some areas there's just one ISP and it doesn't offer the Hacker Channel. DNS resolution of news.ycombinator.com fails for all of its customers.
Max-Beer street would start looking pretty good, especially if Max-HN was also available there. I'd be interested to know what, if any, effect the demise of net neutrality would have on American service providers with foreign customers.