I'm trying to say that most people who send files through these two uploading sites usually hide what cd it is/what movie it is/etc,. Granted, there are people out there that don't, but I bet if they tried going down that route you would see another uploading service be used or people be smarter in how they send files through those uploading services.
The only way they could cut down rapidshare/megaupload is to get rid of them which would be just like the p2p cycle they are going through now. Shut one down, couple more open. I think this is a better approach for them, but it's not going to curtailing illegal downloading.
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