And as we all know, this will (as usual) end up hitting fan-videos (like machinimas), small-time pirates (the teenage daughter who downloaded 50 tracks off of napster), while big-time pirates (especially the ones that sell and profit from it) will continue pretty much unaffected because they're already covering their behinds.
It's also pretty nasty how the US laws affect other and slightly saner countries. Anybody remember the DeCSS case? Jon Johanson hadn't done anything that was illegal according to Norwegian law when he published the source on his dad's webserver, but the media monkeys in .us flexed their muscles enough that the police.no raided him and confiscated all his electronical gadgets - including cellphone.
Heck, it wasn't even Jon who broke the thing
. He's been pretty active