What the ruling means is that the promotion of file sharing as a business model is dead. As several other publications have pointed out, that leaves the field to the open-source software developers (I believe the WSJ said "geeks", but we know who we are), who don't need a business model.
BitTorrent and Freenet are perhaps the best examples, but there are plenty of others. Let's not forget that NFS is a file-sharing technology, as is WebDAV. And before that there were FTP and UUCP. Make no mistake, file-sharing will flourish, and nobody will be making any money off it until some kind of flat-fee compulsory licensing model (like the one ASCAP figured out 95 years ago for radio and piano rolls) takes off.
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