That, and everything else you have said in your post is true.
However, it is interesting to note that even the mighty Microsoft has NEVER filed suit or claimed a licensing violation against any individual. While it is true that they have gone after some businesses for violating EULA agreements by selling more than one copy of Windows98 or 2K with the same CD key, they have never gone after an individual because they know that the EULA is worthless and would lose in court.
What I don't understand is if you purchase software that doesn't work, no one will take it back and give you your money back.
I paid $299 for Adobe Acrobat and after I installed it had problems. I called the company and they wanted another $179 to let me speak to tech. I tried to return it and the store wouldn't take it back. Needless to say, I am not happy with Adobe and if this is the way they treat a $300 sale, I can see why people pirate software because I sure as hell am NEVER AGAIN spending $300 on any software ever again.