All those in the torrent scene were waiting to see what the verdict would be in the thepiratebay trial. Although polls by those that use torrents overwhelmingly thought they would be found not guilty, they were found guilty in Sweden. Of course nothing really earth shattering happened and here's the press release from the pirate bay.
The four: Fredrik Neij, Gottfrid Svartholm Warg, Peter Sunde Kolmisoppi and Carl Lundstrom were sentenced to a year in jail and to pay about 3.6 million USD. The huge media companies celebrated a big win since this service has almost 4 million users. A never-ending cat and mouse game between the media giants and file-sharing community.
Note that the pirate bay doesn't have any copyrighted material but downloading a file from the site allows those using p2p to get the desired copyrighted material.
The case will be appealed, and this will drag on. You can still get to http://thepiratebay.org/.