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This ruling doesn't horrify me. I do suspect that, on balance, it will reduce piracy, a good thing.
My biggest objection is that it will give cover to regimes blocking web sites for political reasons. No to a great firewall of the British Isles! I'd rather see them fine users who download copyrighted material, or, push their internet download speed to the dial-up range. That would really make the punishment fit the offence, since people who download video content without paying for it are slowing down the internet for others. Of course, illegal book downloading requires little bandwidth, so if someone was found doing that, fines are the way to go.
Because of the US tradition against prior restraint, I don't expect to see this in my country.
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