I hate to sound skeptical, because I am usually a very optimistic type of person. BUT....I have seen politicians and government 'get involved' in a couple of other industries in the past, and IT WAS NOT GOOD. Lots of unreadable, illegible regulation, heavily stacked in favor of the established, major industry players, and the 'little guy' was CRUSHED. This happens over, and over, and over again. History should be our guide.
Yes folks, BT smells the $$$, and are also fearful of the promise of ecigs. Follow the money. This will all be about control of nicotine, its format, and its distribution. I fear regulation, high taxes, higher prices, and hurting a lot of small business people who are thriving right now.
Hardware? (Betteries, tubes, mods, etc, etc, etc.....) Maybe not so much. It's the SOFTWARE......the juice that they are after. It will be interesting to watch, but pay particular attention to the flow of money. And, it IS time to get involved and make sure your voices are heard.