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I'm not sure I'd trust someone else with my files like that... At least not anything sensitive, or illegal (MP3s, rupped movies, etc...)
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Since you shouldn't be sending copyrighted data to others without explicit permission from the copyright holder, that should never be a problem.
I see where this could be valuable for serving up mirrors of distributed files around release time. Might be useful, but in our own circle of projects, we would easily saturate their entire pipe every night. We nearly do to our own!