I have had 4 letters sent to my internet service provider before. Luckily no legal action was taken. I'm pretty sure you can do some serious hard time for pirating these days.
I am careful when I download though. I read all the comments and don't download something that hasn't been commented on yet. I'm very cautious. If I like the movie I always buy it. Same with the music I download. I always buy the physical copies of the albums I actually like.
The only reason I download movies is because I'm not paying $15-$20 to see a movie that could, and probabl would, suck. That money could be better spent at my local independent record store. Princeton Record Exchange. They sell used CDs for $1.99. You can't beat that. I have gotten some amazing albums for two bucks. My collection is getting grand.
Needless to say I miss Demonoid. You know you were safe with Demonoid, now it's dog eat dog. I don't know many other decently "safe" torrent sites.
Sorry for the rant.