A lot of this is politics and posturing. If you read the fine print the IP does not have to discontinue your service and it is in their best interest not to. They want that monthly check from you...
VPN, TOR,Hidemyass or equivalents should already be practiced.
P2P will change soon enough on it's own. I can see in the future sites that trade movies will only be trading rare material because everything else will be streamed through a legal service. Movies will be at a click of a button.
Now, before the getting too old and are not staying current skeptics chime in saying the internet is not fast enough yet. One only has to look as far as the USA for an example of what the future is. We are behind on fast Internet compared to most of the world yet we have companies that are currently doing this, NETFLIX and Comcast to name a few. Both have huge selections of movies, TV shows, etcetera to stream and with the newest compression they have made it possible to get 1080p with less than a 6MBs connection. This time last year you could barely get 480p(sometimes). Also with the newest Flash updates for youtube HD content is being added everyday. Streamed content selection is growing at a faster rate than new movies are being released on Blu-ray/dvd. I didn't stream many movies because the quality was too low and many times it would pause intermittently. But, the last couple of months I have found myself watching many shorts and movies in full screen streamed from youtube that before I would have downloaded to watch instead of streaming. Paying one flat rate to your IP each month to stream what ever you want is happening. Amazon the biggest movie supplier on the planet is now offering with their Prime membership a lot of free content to stream. Some movies that I have tried to find for FLM I could not find neither for purchase or download but I did find them listed as an "instant stream" at Amazon. Raspberry Magic and Spork were both streamed long before a dvd was made available.