well? the law has been around since last august, but few realized it has implications for the little wee folk of etsy and similar until about a month and a half ago. we sniffed and researched and worried and the concern grew, and etsy responded with some great storque posts (check the "craftivism section, or storque search for CPSIA), and eventually gave us a dedicated section to discuss and work this out together.
rule number one:
don't panic.
:) ...but don't ignore, either.