I agree with this completely. No matter how little you charge for something, some people will always pirate it. Hell, even if you give it away for free they'll still pirate it (if that makes sense).
What the MIAA needs to understand is that I want to be able to watch Game of Thrones at the same time as the US, without having to subscribe to 3 sports channels and 8 movie channels and I want to be able to download it from NetFlix, PSN, Love Film, Xbox etc.
I'm happy to rent the episode (as in, it expires after 24 hours), as long as it's reasonably priced (e.g. 1GBP for the SD version, 2GBP for the HD version.
They should just try it one day with something fairly popular just to see what happens.