Keep in mind that this can always get appealed. Also, there will still be regulations on how drones are flow. My guess is that registration will be optional for the time being.
Ultimately, if you're going to make someone register a drone, I think they should have expanded privileges.
Things like:
Higher than 400FT
Ability to fly over traffic/people
Non-Line of Sight Operation
Passive operation from a moving vehicle (IE: follow-me mode )