If you can't beat your competition then buy them out.
I'm kind of hoping this will backfire and people will just abandon twitch once Google attempts to cram in unwanted Google+/Youtube's shitty rules and system. There's still hitbox.tv around until Google decides to gobble them up too.
Honestly, I don't see the FCC or the government doing anything to stop this shit. I think what it's going to take is Google shutting down the wrong youtube/twitch account from someone who makes videos/streams for a living; Someone who's quit their real job and put their whole time into youtube/twitch and made it their dream job. After the first contentID crackdown, they had some people on youtube who looked like they were 10 seconds from becoming William Foster in Falling Down. It, unfortunately, usually takes someone going fucking ape-shit before people decide there's a problem.