However I think there are other more technical issues that are not based on morality, such as the fact that the destination of a link can change without with the any indication. One minute a link could point to example.com and the next, a copyright infringing video on another video host.
I do realise that in this case there was intent to provide a resource for those looking to illegally watch online content, but that is all it is, a resource.
And the Brit inside me is also getting wound up by the US's involvement in this, the whole extradition thing is completely over the top and as much as I hate to sound like a conspiracy theorist exclaiming Hollywoods influence over the government, in this case I think its bang on. I completely agree with the sentiment expressed at the end, that "the US cannot be allowed to be the copyright cops of the world".