Paul,
There's been a lot of stupid rules that the government makes up and then has to change based on lack of participation. So, this law is not going anywhere quickly unless some unwitting do-gooders such as the AAFP steps up and try to promote these rules.
The beneficiary of this law is going to be the gorilla Exortator-like EMRs. This law was probably pushed by an evil consortium EMR vendors bent on ripping off the medical community.
Now I know why I was fascinated by the X-file. This whole CCHIT and EMR thing reminds me of the X-files. Remember the secret group of old men keeping the truth away from the general public? And Mulder's drive to uncover the conspiracy? The government was just a vehicle for the old men to keep their secret plot a secret.