Harold Feld is the guy I read when I want to understand what's what in communications policy.
Here's his guide to what he calls “the terrain at the FCC”
What Next For The FCC? Beats the Heck Out of Me — So I'll Just Describe the Terrain … I can describe one thing with some certainty, the terrain at the FCC. Or, more accurately, I can describe the uncertainty around that terrain and how it will likely effect policy. In addition to the power to designate the Chairman, Obama may be looking at appointing no commissioners (very unlikely), one commissioner (reasonably likely), two commissioners (also likely), or three commissioners (unlikely). This uncertainty makes it very hard to predict what happens with the FCC next year. To add to the lack of clarity, the DTV transition occurring in February will pretty much suck up all the attention for the first two months — possibly more if it goes really badly. Add to this the significant turn over in both the House and the Senate Commerce Committees, with accompanying likely changes in staff, and you have a cloud of uncertainty powerful enough to obscure any crystal ball.
And then he does scenarios…