In true "the sky is falling" mentality, Democrat Senator, Diane Feinstein claims that if we don't legislate or stop file-sharing on the internet "it's going to destroy... intellectual property industries."

Mary Beth Peters with the U.S. Copyright office rightly claims that copyright law is "antiquated" and needs to be overhauled.  She says that the "one at a time" approach to licensing songs is preventing legitimate online services from growing.

Either way, stop it or legislate it, you can bet that file-sharing as the internet community knows it is going to be radically changed as it makes it way to the bureaucratic plate.  Will they make copyright law as it pertains to music more in-line with the technology of the 21st Century?  Or will they make a cumbersome system even more confusing and drive net-based music content providers out of business?

Only the Shadow knows... but, I can guess.  And my vision of it ain't pretty.

Click here to read the article over at CNet.com.