Further to Scribbler's comments, it's also worth noting that in just 4 days the facebook group set up in protest to the news has grown to over 3,200 members:
http://www.facebook.com/group.php?gid=8295444126
And it's not the only group there, either.
The thread at TheStudentRoom, mentioned previously, keeps growing as well.
[For the record, I'm a student, I don't think I need say on which side of this argument I fall, being in the UAS also...]