I completely agree with your last point regarding the security of the CD itself. Section 1.2 (Account Sharing Security) of the paper discusses the possibility of users pooling money to purchase CDs and then share passwords. Why bother using my.mp3 at all. Once you have the CDs you could just rip them and then share them with who ever you want. The CD itself is not secure. Stopping mp3.com would be an unnecessary bandaid when the real problem is that the RIAA needs to find other ways to make money with music, not just through record sales.
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I completely agree with your last point regarding the security of the CD itself. Section 1.2 (Account Sharing Security) of the paper discusses the possibility of users pooling money to purchase CDs and then share passwords. Why bother using my.mp3 at all. Once you have the CDs you could just rip them and then share them with who ever you want. The CD itself is not secure. Stopping mp3.com would be an unnecessary bandaid when the real problem is that the RIAA needs to find other ways to make money with music, not just through record sales.