[Lady Fitzgerald]

This portion is especially interesting (bold emphasis is mine):

DRM. The tough rules against DRM have been watered down. ACTA signatories have to outlaw DRM circumvention, but there's a huge caveat; this only applies to DRM which restricts acts not authorized by rightsholders "or permitted by law." That last caveat is huge, and aligns ACTA more with the older WIPO Internet Treaties than with the DMCA. This language would appear to allow DRM circumvention when the resulting use is a legal one.

Sadly, when it comes to tools for doing the circumventing, these are broadly banned, even where some limited uses might be legal. This appears to set up a situation in which an ACTA signatory could allow people to bypass DRM to make backups or exercise fair use rights, but could not allow distribution of the tools to help them do it.

Sadly, distribution of the tools to circumvent DRM appears to still be banned even if the use of them is not. Curious conflict. At least, people who need to circumvent DRM to be able to shift and/or back up digital media (where copying is otherwise legal) may finally be able to legally so so.