Not in the least. I have downloaded mpeg copies of songs I own on cd because I can put hundreds of mpgs on a cd and listen to them using one cd instead of having to change out 10 albums while sitting at the computer listening. I've also got a number of albums I paid for that are ruined or near ruined and have replaced bad tracks with mpgs. I've paid for the content already, why should I have to keep paying them for the same content. I have the original disks and inserts. I might add that I've done the same thing with VHS tapes. But that has been short lived as I've turned right around as I could afford to and have been replacing each of them with dvds.
I have a vast music collection and a much more sizeable video collection that I've spent a great deal of money on. If the MPAA or RIAA have problems with me, then they can do without any more of my money. I know I've been paying someone's salary with the mountain of money I've given in the last 3 years alone since my house burnt down. And I'm not shy, I'd countersue for defamation, libel or anything else I could find just to make my point. I've been walked on enough in life. I won't be a doormat. Bring it on.