I dont care about it. First of all I dont share music because it slows down my 56k connection considerably. So there's no way they'll bsut me for sharing.
Also if by some strange way I get caught, I can just remove all the music on my computer. Simple as that. How can they sue if thier is no evidence? Due to the anomynity (or however you spell it) of the internet they cant be positive it was my exact computer that did it. As I mentioned before I'm on a 56k and on dial up connections IP addresses are shared. They'll have to sue everyone who shares that IP and some people could be innocent. So I'll countersue them for accusing be of doing a crime and invading my privacy! (I dont know the legal terms for them

)
Finally, there is no way they can sue everyone that's sharing. It would cost too much money on thier part. They are only doing this to scare people into stopping sharing. For some people it worked.
Some laws have to be broken here as its illegal to get someone's personal info from an ISP, I think.