Currently it only effects you when you fly. You can go to US Territories without any restriction. Boat and driving will be in 2008 and it might get pushed back again.
If you are a US citizen or are Canadian, you should get a NEXUS card. It allows you to skip the inbound customs lines and instead go to a kiosk and get a retina scan and that is your ID.
If you like to go to Mexico you should get a similar pass at the boarder. It is RFID. You get a card to carry with you and a transmitter for your car. It is like a toll road system. You get into an Express Lane and basically just drive on through... The guard makes sure the occupants match the descriptions from the RFID cards when it scans them as you pass by.
In other words... Let the uninformed sit in customs while you sip a latte and read a book.... Or... party...
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