If carried and accepted by the board, I believe this motion would have the effect of changing the incentives for the intellectual property, law enforcement and intransigent registry/registrar community such that they would be more threatened by losing their precious status quo and therefore more inclined to engage in good faith policy negotiations with one another. This is not happening now.
Were it to pass, the people who use WHOIS data would just sue to maintain the status quo. The position of the US DOC (the position which matters the most) is quite clear from the requirements they put in the .US rebid so ICANN's track record of caving to legal threats would remain unbroken.
For those of you that remain unconvinced that Whois abuse is commonplace ...
Um, WHOIS data is public. It's abuse that every time I register a domain, I get a blizzard of credit card offers, but it's not abuse that the info itself is public. A good place for negotiations to start would be for the anti-data crowd to admit that there are indeed legitimate reasons to use WHOIS info, and there is not a basic right to register a domain. (If there were such a right, we wouldn't be charging for them.) That's been sorely lacking so far. R's, John