There is a lot of anger and the MPAA and RIAA, and much of it stems from their tactics to protect their dwindling market and the price they charge for the poor quality products they offer (read this as shit).
The industry seems to be driven by bean counters and lawyers instead of artists and creative producers. They lack inspiration in what they produce and the business models they put forth. DRM is an uncreative technical answer to what seems to be a changing market. All aspects of the changing market and the Industry's inability to change with it has been discussed here on these very pages.
The big question on my mind is: is it fair to single out individuals when they are merely representative of a common practice? If one or two individuals break the law, then it is a crime. If everyone breaks the law, then it isn't it a question of public policy? At what point does dissonance stop being an individual crime and start being a revolution? How effective is it to stop a revolution when the majority of people are against you?
Putting that all aside, the current changes in the entertainment industry is not much different to the changes we have been experiencing in the computer, networking, and cell phone industries. It is a real pain in the ass when you can no longer extract 60% to 80% margins on your products. Even Microsoft is feeling this pinch. The way other industries deal with this problem is to find new ways of providing value to their customers. Nokia and Apple are focusing on the services surrounding their phones. Google is making money from advertising, and IBM has changed from a hardware vendor to a services company.
I know it is not completely a fair comparison because of copyright law,, but when your product starts becoming a commodity, how do you respond? If I were running the entertainment industry, I would concentrate on new ways to make money rather than pissing off my remaining customers. It is not surprising to me that the only big change in the music industry came from Steve Jobs with his IPOD and ITunes and not from the lackluster entertainment execs. The big labels and entertainment giants are the same lazy behemoths as was the auto industry.
Here is an interesting thought. Why doesn't someone on Slashdot come up with a creative way for the RIAA or MPAA to make lots of money given the current market trends? We could make it a contest. The winner gets a big cut in the profits. Just remember, if you do come up with a winning idea, I want my finders fee :-)