What is the "Protocol fee switch" and can we PLEASE flip it

It is from the announcement.

Uniswap governance will be live from day one, although control over the treasury will be delayed until October 17 2020 12:00am UTC. Control over the Uniswap fee switch is subject to a 180 day time lockdelay.

In the meantime, UNI holders will have immediate ownership of:

  • Uniswap governance
  • UNI community treasury
    *** The protocol fee switch**
  • eth ENS
  • Uniswap Default List (tokens.uniswap.eth)
  • SOCKS liquidity tokens

Moved to new proposal discussion.