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Nine years ago (God, it's really been that long?) I was downloading tons of songs from Napster et al. That's over. Now I'm downloading entire movies in half an hour via Bitorrent. The more things change, the more they stay the same...
One argument I'd like to address is the falling revenues of the music industry. Isn't it a possibility that CDs, vinyl, etc have always been overpriced and over-valued? Maybe the recording industry is just angry because their tricks to squeeze money out of you (for example, selling albums with only one or two goods songs on it but making you pay for the ten other crappy ones) don't work anymore.