I submitted this to LIS News, but you get to read it here.
yes, you no longer have to buy multiple copies of the same song in order to listen to it in different places.
You can now copy your vinyl records straight to your ipod (I knew if I held onto them long enough they'd be useable again. Ha music industry, now I'm never buying '1986 just for kicks' on CD. The future's so bright I've got to wear shades!)
And for librarians, 'format shifting' of material such as newspapers becomes easier. (Although libraries who could argue they were doing it to maintain access to archival collections could do this in the past).
Let Attorney-General Philip Ruddock tell you about it himself