Im somewhat on the fence with this.
Maybe im an ethical pirate with a conscience!? Call it what you will..
I do miss Oink. Yes, technically I used it illegally. I downloaded music from there. Guilty as charged!
The difference is this though: If I liked it, I bought it. I've got cd's in hmv and virgin bags in here now that I didnt even open yet. The original Oink sourced files are still on my computer, and I didnt re-rip from the cd's yet.
I also used Oink to get music that simply isn't available to buy anywhere. And believe me, I'd have a good look for it before resorting to Oink.
I live close to London, UK, with some of the best record stores in the world close to hand. If those stores dont have what im willing to pay for, then what hope is there? If Oink has what I want, then yes I'll help myself from there. There is no excuse these days for record companies not to do a good job of making music available to purchase.
The problem with Oink is this.. A great many of its users were in it for all they could get, and had no intention of paying for anything what-so-ever. I checked some users stats more than once, and they were up/downloading several terrabytes of data.

We're not just talking a few hundred MB's here.
Piracy really was on an outrageous scale there.
And this
does hurt the artists. I know this, as im a copyright holder myself with an income almost entirely based on royalties. I didn't really like seeing material I owned a chunk of the copyrights to appear on Oink. But im just the small guy, and there isn't anything I could do about it.
Anyone that says it doesn't hurt the artists is either lying, or plain doesn't know what they are talking about.
Its all very well saying artists make more money from touring and merchandising than album sales. But you have to remember that not all artists are touring. Plus its hardly any wonder artists make more money from touring than album sales, when folks rip off so much music. But you cant rip off an entire tour.
As it happens, I was reading and posting on the Oink forums late last night.. And yes, some guy was just about to put Leopard there. But I wasn't going to hang about for it, and went to bed instead.
Not that I desperately wanted Leopard, as I have that on order from Apple anyway.
And yes, the news websites and even the police in the news videos have got a lot of the facts about Oink very wrong indeed (Like paying for membership. I never paid Oink a penny)
Given this, and that the equipment the authorities seized will hold little to no illegal material, there is still a chance this whole case could fall apart and that Oink will spring back to life at some point.
Just my 2 mp3's worth..