The good news is that the liberals in Hollywood will continue to loose money...
What are they going to do with the alternate methods of file transfers? I'm not going to mention any here, but if they think that Grokster and StreamCast are the way files are being transferred, then they are still in the 20th century.
I've always questioned the need for P2P progs. Why would I take the chance of getting busted and leaving trails when I can go directly to the newsgroups and get whatever I want? Music, movies, programs, etc. It's all there, and it's very easy to post and download anonymously. I can do this on usenet without thinking some RIAA goon will be handing me a subpoena.