On a lighter note:

QuoteIt might not bother you , but it certainly will bother me if i see a drone flying above my home

What are your GPS cooridnates? We know now how to turn you into a bundle of nerves ... 

Why are people getting scared or annoyed with drones hovering above them, unless they are upto some thing. Government is worried because they are always upto something. Look at the politicians. Current technology doesn't allow users to operate far from their toys. Terrorism looks like an excuse.  Major suspect on Rc planes with bombs have been in news for past many years. Google map lets u fly Fpv without ever using a drone.

In future I'm sure unmanned aircraft will share airspace with manned crafts as it has wide application. I don't think drones should come under police jurisdiction firstly. But rather a government body should use police to enforce their laws regarding whatever.

Also to all the hobbyists calling their multicopters drone need to take an enema and wash out their sins.  And all the budding engineers that are promoting their scratchbuilt quads as drones need to get slap with their drone.

In my opinion, this is good and bad at the same time.

Good: Because, many people are misusing these by claiming their RC models as DRONES. We all are quite familiar with the fact that DRONES and our models have huge differences like electronics stuff/hobby grade stuff, chinese items, failures of various parts, etc. Moreover, being a college student I know how alluring and attractive a multicopter looks and usually many engineering graduates end up in making multicopters as their final year projects which just involves assembling different parts together. Not getting much into it. Moreover, many people are involved in aerial photography in marriages/parties making huge money from it. Where they fly at very low altitude above people to capture good shots. What if the prop fails, a connector gets loosen or anything else. 
The over all conclusion is that for safety of people and nation this is necessary. As already discussed, flying zones could be setup which are away from population. We need to take initiatives on individual level not to do anything which could hurt or threaten someone.

Bad: Since, we all know the state of law makers in our country. Such type of things could bring more restrictions and problems further in other areas as well. Nobody apart from us and few more people(RC community) cares for our hobby. it would take no time to put more restrictions on a single petty issue. Already, we face so many custom issues while ordering products and many other problems as well.

This is our responsibility to adhere by the rules/regulations and ensure public safety at all cost.

The need is to educate all the aeromodellers, i.e. us all, as to what is correct and what not.... and how to be safe and on the right side of the Law.