Wow, the synopsis of that proposal doesn't mention anything that should prevent them from operating google.cn. It seems to allow for the sensorship as a last resort, once the legal case has been established, so long as it is documented and made public. Seems totally reasonable and the right thing to do.
Personally, I've never felt Google is very much different than any other corporation, though I know a lot of people see them as some sort of white-knight company. They're here to make money in the end. Some freebies and goodwill might come along the way, but they're all going to help the bottom line in the end. Can't forget Microsoft also gave and still gives some freebies too.