I am quite astonished that this black-out protest against SOPA as such has any major backing what-so-ever let alone amongst popular sites such as Destructoid and Mozilla. As David so blatantly put forward profits are above all else the most important thing to a business and to-be-honest that is easily understandable, you don't need to be a rocket scientist to figure-out why so I will save myself the trouble of stating out the obvious and presume most of our community member's at least have some understanding of economics, if not learn it, no seriously it's important. If one major web site such as Wikipedia for instance were to suspend its on-line activities for approximately one hour imagine the damage this would cause. As each second passes that business will loose money almost instantaneously due to customers being unable to load the content they desire and visiting elsewhere. In-turn this will also effect their reputation as for those unaware of this protest will be dissatisfied with the service put-forward and start to complain, remember, the word of mouth spreads fast just look at Airnets' and NextGenUs case for example. However in regards to this SOPA bill I am anything but surprised of the reaction received as this seems evident to be put together by people who have IT experience what-so-ever and will hopefully be rejected by those who posses such knowledge. If not I will just have to get use to using Internet base proxies and other means of services to access the content I desire.
Aren't loopholes great 
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I would think the entire point is as you say that it's put together by people with no internet knowledge what so ever and would equally be voted on and passed by the same people with a complete lack of internet knowledge, they will be deluding themselves that it is for everyones best interests I'm sure.
The UKs rushed and ill-informed Digital Economy Act springs to mind.Thank you for stating that, nobody seems to understand that, that law was basically the SOPA of the UK, those provisions for disconnecting pirates and blocking sites, and now America wants a piece of the action....