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I don't know if the "quality" argument (I've seen several references to the low quality of pirated ebooks, particularly scanned/OCRed material) will hold in the long term - after all, OCR and other scanning techniques will only get better, and once more DRM-burdened books come out it will be easier for pirates to just strip the protection.
Look at movie piracy, I already see bluray torrents floating around that are many Gbs in size and pixel-perfect. And modern movie codecs are amazing and are likely to get better still in the future.
While I totally agree that ebook piracy is not the death of the budding ebook industry that we all hope will sprout into a big whopping business, the quality of pirated works is not a very good counterargument.
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