This article in the Times of India talks about how the MMS fracas has inspired plans (or maybe given an excuse to push existing plans) for an Indian version of the DMCA. It's very creative - and unprecedented - to characterize this issue as a copyright infringement case..
Note that (fortunately), there appear to be no plans (yet) for a DMCA-like anti-circumvention provision. So far, they seem to be discussing only clarifying ISP/website liability issues and crafting a clear safe harbour provision. Depending entirely on how it is drafted, this might even be a Good Thing. (One can always hope).
Also note that the article is factually incorrect on issues relating to the case, and reinforces some of the misconceptions people have about it. The allegedly-obscene video clip was never on the site as the article claims - only an advertisement for video CDs containing the clip was posted. This is one of the main reasons why Baazee.com has no legal liability in this matter, but just try explaining that to the Delhi Police.
Also, the article claims that the "video clip was not removed, despite the incident becoming public knowledge". This is also incorrect - eBay/Baazee pulled the *listing*, as soon as they became aware of the contents of the video CD being sold, and the violation of their TOS.
Oh, and here's another article from The Guardian, giving a good overview of the controversy.