In the end it does matter. Bitcoin is being used as currency around the world, and can be used for ELRA's gaming site (among other currencies). This is a case where what the world thinks is more important than what the U.S. thinks.
I agree with the IRS to call BitCoin an asset. The market needs to assess its value on merits, not same as a govt backed currency. I think it is good the IRS & US regulators get involved and properly regulate it. It will be good longer term for the industry & for reducing fears