There's hardly a day that I don't use torrents. I was a bit taken back that some people here aren't receptive to torrents. It's a pretty big community that has literally millions of files out there.
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Really depends on the file it's self. Good files will be seeded sometimes for years as new users download. There's also almost no censorship on torrents so they won't be taken down unless you're some pedophile with cp. I can't say the same for file hosts like rapidshare or others that constantly delete files I want.
Private sites rock like nothing else. But public trackers are good. While they don't have constant maxing out your line, they do get the job done. In the last few years really with the growth of broadband service, speeds have jumped up quite nicely on those public trackers.
So do other file hosts that you have to pay for their service, like rapidshare. You're always stuck with their sites and they moderate their files.
Also unlike file hosts, torrents is free. I've donated to some sites for server costs but that was my choice not a requirement.