It isn't like they have given pedophiles the "right of way". They simply undid a too broad of law. I bet you wouldn't be in an uproar if the DMCA was revoked, like this law was.

Don't get me wrong here. I hate pedophilia just as much as the next 'sane' person. There is a good discussion on SlashDot about this.
http://slashdot.org/yro/02/04/16/1615221.shtml?tid=123