I haven't posted much on this subject, but there has been great fear that internet traffic would be regulated in ways that other media are not. I was therefore very happy to see this report at Redstate that details a recent FEC decision which puts many of these fears to rest.
I have not followed the case in detail; if you are interested in the finer points, the Redstate article has a number of links. The quick summary is that an internet web site (Fired Up!) was found to be entitled same press exemption to campaign finance laws as the more traditional media outlets such as print and television.
This is one more example, in my opinion, of blogs chipping away at the old media. What you are seeing is just the beginning.