According to the NYT, it seems that Google and Verizon are potentially plotting to overthrow net neutrality:

Google and Verizon, two leading players in Internet service and content, are nearing an agreement that could allow Verizon to speed some online content to Internet users more quickly if the content's creators are willing to pay for the privilege.

The charges could be paid by companies, like YouTube, owned by Google, for example, to Verizon, one of the nation's leading Internet service providers, to ensure that its content received priority as it made its way to consumers. The agreement could eventually lead to higher charges for Internet users.

Of course, even if Verizon and Google come to such an odd agreement, they'll still have to deal with the FCC before anything can happen, so let's not panic just yet. [NYT]