Chilean ISPs also compete on the basis of providing more P2P bandwidth than competitors. I've seen it on ads.

Wow. This combined with the 40K seed money offered by the Chilean government makes Chile more appealing than ever.

Great climate, government that appreciates the importance of free trade, similar time zone to the USA... I must just be sold!

Lately there's been a lot of good news from South America: the successes of Brazil's economy, Argentina (a very christian country) giving equality to homosexual and heterosexual marriages, and now this.

I am really happy for it! And it's starting to raise the bar for the rest of the world. :)

Clearly this is absurd, but the cynic in me immediately assumed that this is an ingenious ploy to attract (typically idealistic) startup founders to Chile. The timing is at least interesting.

"any content"? So piracy is legal now in Chile?

I don't get how you drew that conclusion. All this statement says is that ISPs are not required to police piracy.

First: in the spanish version the adjective "legal" could be referring to content too. But even if it didn't...

Second: if I told you "you are free whatever you like", that doesn't mean killing people or robbing old ladies. Obviously other laws are still in place.