I'd bet that most people who care about this issue are primarily worried about losing the Wayback Machine. If that goes away, a lot of internet history will be lost forever. All those copyrighted works that IA was lending out won't disappear in the same fashion -- they will still be available from other sources.
IMO the Wayback Machine has always been the primary product, and most valuable part, of the Internet Archive. If IA wanted to do other things they should have done them via a separate legal entity to protect the Wayback Machine.
IMO the Wayback Machine has always been the primary product, and most valuable part, of the Internet Archive. If IA wanted to do other things they should have done them via a separate legal entity to protect the Wayback Machine.