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These guys are actually pretty serious, though yours is the first time I've heard them going after P2P sharing. I come from the land of Microsoft, and usually they just go after businesses that buy a single user app (and therefore a single user license), then load the software onto 20 or 30 machines at the office. They are kind of like bounty hunters. People in the Seattle area usually pay attention when they get a letter from these guys, and they even advertise on the radio for disgruntled ex- employees of license abusers to turn in their old company.
Bottm line, it's a legitimate and serious organization, but I don't know how hard they could hit you.
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