One of the supposed justifications for the intellectual monopoly called copyright is that it drives creativity and culture. In the last few weeks alone we have had multiple demonstrations of why the opposite is true: copyright destroys culture, and not by accident, but wilfully. For example, the MTVNews.com site, along with its sister site CMT.com, …
Shortening the time is good, and adjusting it while it still does apply to allow for more legal free sharing of the work.
The problem is that copyright owners are concerned about losing sales, they care much less whether you’re making a profit on that lost sale.
One thing I think we should do is require stores to allow transfer of copyright. So if I buy a game or movie, I should be able to give that game or movie to someone else. I would no longer have access to it, so it would be like giving a physical disk or whatever.