This is really getting to the point of ridiculousness (if that's even a word). Here's the plain fact: if a copyright holder notifies me that their material is

This is really getting to the point of ridiculousness (if that's even a word). Here's the plain fact: if a copyright holder notifies me that their material is being shared on my servers and I do nothing about it, I can get sued by them. If I do this on such a grand scale that there is obviously a blatant amount of copyrighted material and I still do nothing about it, the Feds will probably have to be the ones to shut me down until things get worked out. This is what Megaupload was doing. This is not a grander problem that will hit Google or Youtube, they tend to remove copyrighted content pretty quickly. All of this seems very similar to the Gizmondo/Stefan Eriksson deal where things just spiraled out of control into very questionable territory.