It show how much the MPAA/RIAA make up the numbers they show the public, like money and jobs lost. Some of them are actually ridiculous, like having lost 373.000 jobs in the media industry, when they didn't have more than 300.000 jobs in 1998.
Now my take on piracy. I do not agree with it, because people work hard for their creations and deserve being rewarded for that. But not under the terms of the media industry(publishers, record labels, etc). What we do want, is an up-to-date distribution system, with free previews, like it happens in the other types of sales, and a little more respect (stop limiting content to a few regions in the world).
It's the information era, it's really easy to pay over the internet for stuff, wherever you are, so act up and offer better services if you want to receive our money. iTunes is a really nice step forward, but it's still region limited due to the restrictions imposed by the record labels and it could do with some improvements.
I used to pirate stuff (and to be honest I still pirate TV series, just because we can't get from the Netflix where I live and we get them month and sometimes years after they are first on TV) but I started buying pretty much everything I use: games, music and even movies. The are a lot easier to buy, with the help of Gamersgate, Steam, Origin, iTunes, Zonga, Beatport and pretty much every retail company that offers movie DVDs.