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Does Avatar represent the future of movies? Maybe not
First of all, I don't think the government should be playing the role of "big brother" in telling people what to look at on the web. Such policies have been and will always be a recipe for abuse in any government. But that's not my main point here.
My main point is this: When the government threatens "severe punishment" for any sort of web site that happens to have anything it considers porn, the government can use that rationale to shut down basically any web site, including those that mostly don't have anything to do with "porn."
I don't see what the Ziyi Zhang photos have to do with this issue. All that situation seems to show is that the Chinese government isn't actually capable of stopping information-sharing on the web -- which is another reason why its threat today seems ridiculous.
Ever play Texas Hold' em? Sometimes when your cards are not capable of winning, you can still win the pot with a good bluff.