Look, I think this is being blown way out of proportion. Its one thing to make the law, its another to enforce it.
Download games and stuff via direct download, or if you use Bittorrent, make sure you only use encrypted connections.
As for things like AMVs and other creative content being pulled down and creaters sued because of it, then the law should be amended or removed in it entirety.
And please note you are allowed one digital copy of physical media per device you "own".