The oldest " illegal " photo on PA is
http://www.panoramio.com/photo/201 from user number 1 , it's still there.
The initiative for this EU act is the pirate party, meaning to make the Panorama freedom in EUrope more like the (free) German one.
Of course there are parties hijacking this to do just the opposite as intended. The EU more and more becomes the forbidden union. Specially succesful companies from outside the EU are target, Google specially is targetted and so is Microsoft.
Above that there are not many members of the EU parliament with any knowledge about internet, but that does not have any influence on their decisions. In all, the parliament costs a load of money, but in the end they have nothing to say, the European commission decides, if necessary overruled by the government leaders or in this case by the national parliaments who will have the final say.
The danger of the EU parliament making legislation on this is that this just is one of the things that is up their sleeve. It's very important that cucumbers are straight or that barbers have nonslip soles under their shoes. There above the parliament is factually ruled by thousands of lobbyists from the major companies who influence the decision making process big time..
So the main of this legislation lies in the fact that one never can tell if some company has an interest in doing just the opposite of what the MP from the pirate party wanted and that also is the reason we have to protest before it's too late.
sorry for the politics, but I think in this case it could not be avoided. There are many not EU citizens (and EU citizens as well) who do not know how the EU is ruled.