As a matter of interest I am wondering if anyone out there is still using torrents to download material,I myself was quite a big user of the application but now am at the point where I am joining a payed site such as Rapidshare or W-Upload as these sites seem ok for downloading such things as T.V shows that seems years away from being showen here in New Zealand,an example is T.V 3 and Sons Of Anarchy to which they held for 2 years before they showed,I know there are a massive amount of people in this country who obtain Doctor Who via torrents directly after it has played overseas yet I have found it is as well to obtain it through one of the sites mentioned above as Rapidshare.
evenif you don't take advantage of the various well known work arounds, people are quite safe torrenting for several months at least. You need to recieve 2 warnings, spaced by quite a bit of time, before you need to start worrying.
People are still going to be downloading torrents. The extremely heavy users will put in the time, effort and money if necessary to give the MPAA the slip.
There is already an extremely high demand for end to end encryption on P2P applications. (uTorrent for example) It won't take long before even the average user will have a military grade method for circumventing these crazy laws. And at no cost to them.
Sometimes what you don't get is a blessing in disguise!
I'm getting reports of massive drop offs in terms of P2P traffic at various ISPs... one quoted a 30% decline in traffic volumes.
This has happened overseas as well - it always tends to bounce back in a few months.
Interestingly, Netflix in the US has overtaken Torrenting as the number one use of the internet in volume terms. Netflix accounts for about one third of all US internet traffic and at its current rate of increase will hit half by the end of the year.
The moral of the story is people will pay for content if you let them.