A very well-balanced column on the trial from PC World:
Of course, The Pirate Bay's case is nothing new. Eight years ago Napster was shut down after getting sued. It tried a few legal business models, but never managed to even get close to the popularity it had when it was operating illegally. The shutdown of Napster turned its creator, Shawn Fanning, and Napster into a into heroes and martyrs, inspiring others to develop new ways to pirate music.The Pirate Bay site itself is still up and running while the case is appealed.
What Hollywood needs to remember is that sites like The Pirate Bay are like weeds. When you try to kill one, they grow back even stronger. In this case, The Pirate Bay already moved most of its servers to the Netherlands, a change that could keep the site running even if The Pirate Bay loses its appeal.
The bad news for copyright-holders is there is obviously a market demand for this type of content distribution model. And while the entertainment industry seeks compensation via lawsuits, other similar services (which I do not endorse) such as Mininova, Demonoid and Torrentbox to name a few, will continue to thrive. That is, of course, until they get sued into oblivion as well. And then there are always new technologies on the horizon. Hollywood might want to start looking at a budding new peer-to-peer tool called OneSwarm that aims to let file-swappers preserve their privacy by cloaking their IP address.