A good idea
*Rant Ahead* :)
Sorry to spoil the party here. But as a former user of TorrentSpy and BitTorrent I think that it is good that copyright controls are being placed on these sites. Any arguments in favour of breaking the law seem fairly null. If you don't think that what you are downloading is worth paying for then why download it?
If you want to watch lots of films then why not just get a video rental service? If you want to listen to lots of music. Why not use Napster or web radio, or even normal radio. Such things are cheap, and radio is free. Then again Napster is another touchy subject isn't it? 'Its our right to decrypt the DRM so we can keep it forever because this is fair use'. No it isn't! They told you the restrictions in advance, so if you didn't accept the terms!
*End Of Rant*
On the other hand I do strongly disagree with the copy protection on CDs and DVDs which are designed to stop you putting films on a private streaming server or copying a CD into your music library.