@ph0b0s (and others):
The issue here is "copyright". This has nothing to do with iTunes and digital distribution, which haven't really changed matters all that much. People were merrily taping radio programmes as far back as the '60s—initially on reel-to-reel AMPEX jobs, but, later, with cassettes.
The copyright (i.e. Intellectual Property) owner owns the original data and grants an exclusive license to a publisher to produce thousands of copies in the form of vinyl 12" mix LPs and CDs, or to distribute copies directly in digital formats.
Note my use of "copies" there. There's a reason why it's called "copyright". The clue's in the name.
YOU, on the other hand, do NOT have a full license to perform those copying procedures yourself. iTunes licensing does permit copying of digital tracks in limited quantities—usually just for personal uses. You certainly don't have permission to make unlimited copies via BitTorrent. You do not have an unlimited *right* to make so many copies, for you do not own the copyright.
And no, downloading a track via BitTorrent to begin with doesn't absolve you from that track's IP encumbrances either. Handling stolen property is still illegal, and it matters not one whit whether you were aware of its stolen status or not. The onus is on YOU to ensure what you are buying is legitimate. Hence the term "Caveat Emptor".
I don't know what the fuck they taught / teach you people in school these days, but none of the above should be news to anybody. Nor is it even particularly difficult to grasp.
If you sincerely believe "information wants to be free", know this: Your opinions are just your personal religion. They don't trump anyone else's, nor do you get to demand that your opinions are deserving of "respect" just... because.
Those poor buggers fighting in Afghanistan and Iraq are deserving of respect.
Your desire to get something for nothing is most emphatically not.