It made Reddit mostly unusable (beyond it's usual uselessness, mind you) for about a week, and most sub moderators were either unwilling to moderate the net neutrality spam, or quite often, the ones posting it.
But where it really started to grind my gears was when the Reddit admins posted an announcement proud of it, like it was some sort of accomplishment that the entire site had been replaced by spam of a single post, because, of course, it's a political view they're lobbying for.
I have gained a lot of appreciation for HN's ability to allow reasonable debate of all views, and really to keep the site's content enjoyable, interesting, and varied. I can't say remotely the same for where Reddit is right now. If you don't agree with Reddit's political views, you should most likely be looking for alternative websites.