The biggest problem with the RIAA's stance is thier inability to see how the internet works, i think. Even if they magically obtain an injunction against all major p2p networks tomorrow, how long will it take for another network to spring up? or another way of file sharing? file sharing is firmly embedded into the internet now, and its impossible to take it out.
btw, does anyone else find it humourous that they havent mentioned IRC or FTP based file sharing at all? maybe they don't know about it?
Anyway, i agree with pheonix. all the RIAA have to do is apologize, and embrace the internet. Maybe start offering a sample (20-50) seconds of a few songs from each new CD on their website and lower the prices of their CD's... or even offer a $1 flat payment per song download scheme or something like that.