There are, of course, numerous comments in the blogosphere and press on Grokster. Raymond Blijd comments on the consequences of Grokster for software vendors and content distributors. Although I think this position is vastly overstated, Blijd says this about Grokster's impact on innovation:
The Supreme Court has, in essence, poisoned the well of innovation.
Now, only industry approved services can survive out in the open. This means more DRM infested consumer deceiving services.
Just like Apple took Napster and made it into the DRM invested iTunes.
The industry will sue the innovation breeding grounds of Modders and p2p sites dry, steal their ideas and cheat them out of recognition and compensation.
Did Shawn Fanning ever receive a penny from Steve Jobs? No? Well, he should have.
Mods and p2p sites will live on but it will only be for the happy few. IRC channels and newsgroup will flourish, but not blossom.
In the end we can only imagine what would have been.