I don't find anything wrong with piracy, I guess thats because I am a cheap asian!
Jokes aside, I recently stopped pirating I guess you can say. Whenever I pirated a game, I always felt that I wasn't achieving something I wanted, and I could play any game without a consequence.
After a while, I felt pretty bored because I really, played every single game pretty much released in a year. I just downloaded a game, played for a few hours, then just left the game there.
I started purchasing games, maybe a few years ago. I have to say, its a lot harder to make a decision, and you have to think about whether or not you will be playing the game a lot, or just a little. Its a lot better for me now ever since I started purchasing games. I now choose the ones I actually want.
Enough about my rambling, I feel that piracy isn't a huge problem, the officials are really just blowing it up and making it bigger than it really is.