A fine article in the Boston Herald talks sense:
Still, even if music sharing is not now having much of an impact on CD sales, it will eventually. The lure isn't that the music is free. It's that CDs - the method the industry relies upon to sell its product - don't make sense. [via Lucas Gonze]
As does an informative, but not oversimplified piece from Mark Rasch of SecurityFocus in The Register. [via OLDaily]