I'm not sure that there's much more to be said on this thread but will try to add my two cents to help it die gracefully;
Firstly, I find it surprising that the 'legal' issues are still being debated with words like 'ambiguous' or 'grey areas'.
If you find yourself watching an MoC licenced film and you didn't part with cash for the privilege, then someone, somewhere has broken the law. Fact.
Whether you happen to have broken your own moral code is kind of a moot point.
Jun Dai has made some good points but I believe (with respect) that one of his main assertions is essentially flawed:
I was pointing out that the only loss you have sustained by Mike downloading a film is by Mike not buying the film. Given that Mike is still capable of buying the film after having downloaded it, the only situation in which have sustained a loss is when Mike would have bought the DVD if and only if he were unable to get it without buying it. Incidentally, you sustain the same effective loss if Mike neither buys nor downloads the DVD.
But Mike is not a random person off the street, he is a film fan who has an interest in watching an MoC film in the first place. This leaves him with a number of choices; buy, rent or download. Of course he may buy after having downloaded and I won't pretend that this never happens but I will hazard a guess (because that is the best any of us can do with regard to these particular statistics) that the majority of people who download do not then purchase legally.
There are a small group of people in the world interested in the kind of films that MoC put out and if a percentage of these people download and a percentage of those downloaders do not then purchase, MoC takes a hit. So it is not a victimless crime.
Talking about your 'right' to see a film (illegally) even if you can't afford to buy it is about as retarded as arguing that you have the right to fuck every model you see (by force) even though you are pig-ugly. I won't waste time on that one.
As has been pointed out multiple times already, filesharing is not going away any time soon and it's one thing for people to come here and say "I'm going to download them, I know it's wrong but I'm too cheap/poor/lazy to buy them" but it must be pretty galling for Nick to have to listen to people trying to justify themselves as not doing anything wrong or even helping him whilst benefitting from his work for free.
I for one sincerely hope his (understandably) angry posts haven't had a detrimental effect on the MoC brand as some have suggested.