It still puts amateur webcasters out of business, since there's still (apparently) a clause intended to do so:

Alternatively, webcasters would pay 5 percent of their expenses for the 1998-2002 period and 7 percent over the next two years, if that amount was greater. (emphasis added)

But that's probably not a huge deal. Of course, it might be possible that that's incorrect, considering the poor writing in that article:

The deal only applies to webcasters who will have taken in less than $1 million in total from 1998 until the end of this year. The revenue cap increases to $500,000 in 2003 and $1.25 million in 2004.

Huh? How does a cap increase from one million dollars to half a million dollars?

“The chairman had a method to his ham-handedness,” said California Democratic Rep. Howard Berman.

without any reference to the chairman except to say that he made a change that won praise. Seems someone at Reuters doesn't like him.