Is this all for show?
It goes to show, that yes, file sharing is bad. IP is stolen, distributed and downloaded freely. But at the same time, when massive corporations and companies are not just allowing it to happen, but making money from it, it is just ludicrous. There are some better words I could use to explain the situation, but I've got to keep the professionalism somewhat stable here.
From what it seems, nothing will change. MegaUpload, in my opinion, will be either over and done with and they'll wait for something else to come up, or is just the beginning.
Google have just recently changed their privacy laws, Facebook have unleashed Timeline, and other big sites with large volumes of users are constantly evolving slowly eroding away our privacy bit by bit.
PIPA and SOPA (Protect IP Act and Stop Online Piracy Act) show that the government has no idea what they're doing when it comes to this new thing called the Internet. The people recommending these acts to congress must have absolutely no idea and it scares me that these people are so high to the top of the food chain, but simply have no idea.
That is, unless this is all by design.