It's down from it's heyday for the mainstream, but for the dedicated few, it's better than ever before. Gone are the days of manually searching for a movie on tracker sites, downloading them, organizing your library and watching stuff on your laptop.
There are now open-source, self-hosted applications that automate that entire process, so it's as simple as requesting a movie on your phone and having it show up on your own personal streaming service on your TV a few minutes later.