Well, as a University ResNet coordinator, my concern w/ Napster/iMesh/Gnutella/etc. is not so much with copyright legalities--leave that to the legal eagles--but with bandwidth concerns. Hasn't been an enormous problem here yet, but I imagine it will be.

As for its impact on artists, well, just check out this cautionary tale from The Onion, entitled Kid Rock Starves to Death: MP3 Piracy Blamed.

And if it happened to him, it could happen to Meat Loaf....

Shad