Some time ago when there was a similar ruckus over some other incident, but legally slanted, (these incidents date back to the dawn of freedom of speech apparently) Neil Gaiman wrote this (http://journal.neilgaiman.com/2008/12/why-defend-freedom-of-icky-speech.html), which I agree about. It basically says something similar to your statement -- it sets a bad precedent. He makes a good metaphor with "the law is a blunt instrument" and yadda yadda.

As a corporation, though? I think the question you might want to ask is, how will this affect our profit margins?

Honestly I think the effect would be minimal either way.