His theory appears to be that by sharing keys via links to access encrypted files, instead of before which was exactly the same except to access unencrypted files, he will somehow be immune from persecution this time even though he still has the ability to identify infringing material by the traffic sources and bandwidth usage of individual files.

The tie in with web hosting companies adds an ounce of legitimacy to the affiliate program that originally led sites like the defunct tv-links.co.uk etc to throw traffic at their paywall last time but it won't be even close to enough if tomorrow there's millions of mega links on all the streaming and download indexing sites.

This will be very interesting to watch unfold.