BitTorrent's Bram Cohen has come to an agreement with the MPAA.
"BitTorrent Inc. discourages the use of its technology for distributing films without a license to do so," Cohen said in the statement. "As such, we are pleased to work with the film industry to remove unauthorized content from bittorrent.com's search engine."
This seems a crucial point in insuring the future of BitTorrent regardless of what results from the agreement. In the recent Grokster decision, the Supreme Court ruled that the primary intended use of an app must be legitimate, even if there are secondary illegitimate uses. Grokster didn't advertise their service that way. Cohen's declaration makes a solid case for the continued legality of BitTorrent.
As for the MPAA, it seems they've learned some things from the RIAA's missteps and might be more willing to embrace new distribution methods. We'll have to wait and see how much it will cost customers.