This article scares me, but I understand Hollywood’s desire to keep their copyrights and I respect them as long as they respect my rights (i.e. being able to copy my music from one format to another, as long as I’m not trading with others). That said, I’m wary of any corporation being immuned to laws if they do damage to my computer because they were on a hunt.
I do have to wonder what techniques they plan on implementing. The most obvious is infecting the peer-to-peer networks with a virus that infects pirated works. I’m not sure how that would work, but it’s probably in line with something they are planning. They will probably also set up dummy files or possibly flood the networks with bogus traffic.