This is ACTA, no? First off, the search of such devices without probable cause is already allowed by the Dept. of Homeland Security, so I find the provision forcing ISPs to provide info. without warrants far more disturbing. Secondly, this was negotiated by most countries in the developed world, not just the US. Finally, this agreement was made during the Bush administration and isn't something that the US could easily back out of now.
But hey, don't let the facts keep anyone from jumping on the f*ck Obama train.