Scott Cleland has a good post suggesting that any effort by the FCC to impose Title II common carrier regulation on the Internet providers would be inconsistent with President Obama's Executive Order on “Improving Regulation.”
Scott makes a persuasive case. I won't repeat his arguments here, but I do commend his piece to you. For that matter, if you want to delve more deeply into the Title II reclassification issue, at the end of his post Scott has a list with links to a series of pieces on this subject.