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I wouldn't be worried at all by all the security researchers trying to poke flaws in it, the amount of hitpieces I've read already are definitely pointing to a smear campaign which to be honest we all should have expected.
I don't see anything wrong with the site itself it's up to the individual if they upload something illegal, if anything from what I can see it would be very hard to use Mega for piracy as everyone downloading would need the key, I made an account myself as 50gb is too good to pass up on I'm not sure if I'll ever use it but it's certainly more than I have on dropbox etc
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