I figure that anti-P2P legislation will probably go the way of prohibition eventually. If there are enough people not following the law, making it impossible to enforce, it will be removed.
The RIAA does need to adapt to the changing business model in order to survive, but they won't even respond to the many people calling them on it. They mention their "countless" legitimate music services all of which pretty much suck. Apple's music store is a step in the right direction.
I have a question about the way the RIAA gets P2P users's identities from Verizon - doesn't that violate due process?