I think it is well recognised that as you have more money, you generally have less time to enjoy it. Certainly this has been my experience. Whatis the point of counting the copies of music made by people with no money as "lost revenue"?
Why doesn't the music industry do something proactive like offer student discounts for CDs, just like they are offered for travel, movies, and other goods? They'd be making lifelong loyal customers instead of sworn enemies...
A while ago, I spent a weekend playing with Kazaa and Limewire and after spending a full day and a half managed to cut a single CD. Yes, a lot of this time was getting familiar with the tools, and then searching, and getting around minor problems, downloading and installing new software etc.
But by the end of the day, I had decided I would never again spend hours of my time reproducing something that is available in the stores.
Another thing that annoys the @#%! out of me are the statements by the music industry's tame copyright spokespeople that "the number of blank CDs show just how much music is being pirated". They can come to my house and have a look... I have maybe 3 CDs of music which are on CD-Rs (out of 250 legitimately bought CDs), the rest of the 200-300 CD-Rs I've bought are all photos, backups and software (mostly Linux or backups of my own legit software).
Finally, you should be grateful if you live in the USA- for all of the evils of the DMCA, at least you have the legal right to timeshift programming, and to media shift. In Australia this is specifically forbidden by copyright laws which while they purport to balance the interests of the owner and the consumer include *NO* right for the consumer at all (besides paying up and shutting up)!