I've mentioned this case in the past and what some of the potential ramifications may be. JD Lasica at Smartmobs has a few thoughts on where the impending decision might lead down the track.
"Sometimes when a ruling comes down, we don't immediately realize its long-term significance to society. When the Supreme Court handed Sony a 5-4 victory in the 1984 Betamax case, no one suspected that it would eventually be viewed as the Magna Carta of the technology age."
Smart Mobs: Will Grokster affect a generation of innovation?