We're still in wait and see mode on what the Obama administration will try with respect to cybersecurity, but of course they'll use every news event as justification. Here's the problem though: Attacks like the Iranian attack on Saudi Arabia prove that businesses must use best practices, but government regulation will only hinder industry from keeping up with the latest. Regulation is too slow. Government is too restrictive, and not accountable enough.
Of course the President himself continues to try to make the pitch, but in the end I agree with Eric Cantor. The administration wants unchecked power, and Cybersecurity is the next buzzword after Net Neutrality that is being used as an excuse. Cantor calls it the 'imperial presidency.'