Definitely worth reading.
Here are a few quotes:
Technology makes it easy for anyone to duplicate and distribute creative works. That does not justify indiscriminate use of technology.
Decriminalization advocates say amateurs need to be free of copyright laws so they can combine songs and images into new works.
The market is providing legal alternatives, driven by our property rights system that gives creators power over the production and distribution of their works. They have a motivation to create artistic works, and thus the creative industries and their 11 million U.S. workers produce a positive balance of trade with every U.S. trading partner. We enjoy a treasure-trove of creative works that is the envy of the world. We can't flip the rights system to empower file sharers at the expense of artists and their motivation to continue to create.