As far as I could tell this would render TiVos, VCRs, Dual deck tape recorders, photocopiers, and perhaps even pencils illegal.
Copyright holders are drunk on their own power. They are continuing to try to grab the ultimate power to control what can and can't be duplicated or incorporated into new works.
The end result of this is a totalitarian state where the copyright holders control who can and cant create because only they hold the legal teams that can validate that a work has all of the proper licenses.
They argue that copyright must exist as artists need motivation to create.
This is a lie
From what I've seen, it's not that we need to induce people to create art, instead our society actively tries to thwart artists. We tell people they can't survive as artists that they should be content with "real" jobs, we restrict what ideas they can build from, we try to block access to new means of distribution, we tell them that only "professionals" can create art.
And yet, people still strive to create with whatever they can find in their lives.
To me it seems like our very psychology demands that we create.
Copyright as it is being extended is a tool to crush creativity. It is a tool of oppression, a tool to control what one can and cannot say--or think.