The real issue, the far greater issue, is control. Unless the industry can find some means, legal or technical, to prevent this, all of its property will be de facto in the public domain, oops. So much for control. Respectable adults, who wouldn't steal a pack of sugar from a diner, now routinely, if quietly, pass around copyright software to friends. They burn copies of CDs checked out of libraries and download gigabytes from Napster.
Kids copy CDs wholesale.
A moral sea change is occurring. It bodeth not well for the industry. Most of that music belongs to big record companies. If you download it onto your computer, it isn't. Nonetheless, the RIAA screamed like a scalded eagle.