I also highly recommend watching all four parts of Everything Is a Remix if you haven't yet.
I, naturally, have my own opinions about all this. I think it's important for us, as content producers, to understand where the law currently stands, how popular culture currently responds, and the ramifications of both attempting to stop piracy and allowing it free-reign.
Your Media Production Mentor
P.S. It should go without saying, but downloading torrents is potentially dangerous to your machine.