Larry Lessig's Argument against the Google Book settlement

Just to follow up on this piece of news from TechCrunch that we discussed in class today--Larry Lessig, a pioneer on the copyleft front, has made an argument against the current details of the Google Book settlement. From my reading of this post, Lessig is not against the idea of making books available online but rather the manner in which Google is licensing the content to be made available. Lessig points out that Google is licensing piecemeal portions of entire works, which will result in future copyright battles over the various bits of materials (e.g. pictures, certain passages) that constitute entire documents. This will ultimately make the licensing of entire works difficult, as each portion of the work may be subject to a different license. On a grander scale, Lessig's main point is that copyright law needs to be revised dramatically.

I haven't read Lessig's entire essay in The New Republic magazine on this subject, so if you've read that or have other opinions to share, feel free to comment!