IMHO, the article is the most reasoned, complete and balanced legal (and 
commonly accessible technical) analysis of the P2P scene.
The direct link is 
http://www.lawtechjournal.com/articles/2002/05_021229_roemer.php

Conclusion
More legal questions and conundrums are raised with a technology like 
Freenet than can be currently answered. Presently, Freenet is still an 
enthusiast's toy and not the "next" or current Napster, Morpheus, etc. 
However, even if Freenet never gains a massive user base, the law-defying 
encryption and distributed caching techniques of the project will likely 
end up in the next generation of P2P services. The struggles over changes 
in the Internet, seen through the eyes of emerging technologies, 
demonstrate that the confrontations between copyright owners and free 
information advocates will only continue to escalate. This escalation will 
be inextricably tangled in both legal and technological complexity, as 
neither the law nor technology appears capable of solving these dilemmas alone.

As Andrew Frank poignantly observes, P2P technologies are evolving in a 
"Darwinian" fashion, proving more resistant to technological and legal 
control with each iteration.183 The content industry stopped Napster. The 
industry may stop the FastTrack companies. It may even stop Freenet. 
Eventually, however, a new system, borne of the lessons of these pioneering 
technologies, will likely arrive that cannot be addressed within the 
current practical confines of copyright law. When that day comes, the 
content industry will perhaps have to consider (if has not already done so) 
how it will "evolve" in the ever-changing digital landscape.

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