This is overblown. Any concept can only be an issue if it's universally accepted. This is strictly an American issue, not global to the Intertubes in anyway shape or form. If it's not universal, it can't stop or affect the internet in any functionally critically damaging ways.
Net neutrality was only partially effective anyway, you do get to choose your bandwidth from the server loop back to the client, and for those of you who know how bandwidth and peering agreeements works to shape traffic, you know that already has a significant impact on performance.
The only loop this really affect is the local loop, which are answerable to the local franchise boards, as well as consummer outrages if they actually shape traffic in a negative way.
I see the end of Net Neutrality as a huge boost to SMB that can now choose premium bandwidth for their servers to give visitors a much better service experience. It may also help on security from massive online attacks, which right now the peering carriers are legally forbidden from discriminating against...
If you look closely, most of the rest of the world do not have Net Neutrality, or any law as silly as the way it's written up, and their Intertubes are still filled with LOLCATS just fine.