that's pretty much where I'm at on this. Not to devalue the effort and work that must go into it, but the age of the recording as a product unto itself is coming to an end. Now we are moving into a situation more like donation supported freeware or podcasts. "If you like it, please help support us by clicking here. "
Agreed.
People who see a value in a CD will pay for the CD, whereas people who do not value the CD will pirate it. The ability to make a perfect copy of a musical recording on a CD is available to the majority of people now.
As an interesting thought experiment, ask yourself how many Corvettes would Chevy sell if the ability to make a perfect copy was available to anyone who had $500 to buy a replicating machine? Some people would still pay for the original, but many would not. Although, Porsche makes a profit selling $100,000 hand made cars even though a 10 year old used car will still get you to the grocery store and back.
The solution to piracy is to offer a commodity that people value and are willing to pay for. The communal experience of a live show cannot be pirated. You can't make a perfect copy of the experience of the great concert you saw with your buddies where the band electrified the crowd.