Out of curiousity, can they see exactly what you download from a p2p network, or would it just show that I was on a p2p network.
Yes. What you are sending and receiving can be read. That is why people encrypt stuff.

miica your school probably does it to avoid having to clean up after malware.............hey you are probably very sensible, but I am willing to bet you can name 10 others who are not unfortunately, we end up paying for their sins Also, by blocking P2P they will cut bandwidth usage, and cost?