A federal judge in Los Angeles has handed a 
stunning court victory to file-swapping services 
Streamcast Networks and Grokster, dismissing much
of the record industry and movie studios' lawsuit 
against the two companies.

Judge: File-swapping tools are legal | CNET News.com

I wonder what the RIAA is going to do now, when they can’t just shut down the peer 2 peer networks. Maybe they’ll finally start to rething their strategy instead of just blindly tossing out lawsuits.