On morality: given how widespread the piracy is, we probably shouldn't assert that the moral side of the things is obvious here. Regarding the law, that's one way to look at that. Another way is that the role of copyright is about to change, and disobeying the law en masse might be one way to help that change. (Disclaimer: I'm not much of a pirate myself, I have a US iTunes Store account despite living in Russia just…
The morality question isn't necessarily obvious, but the pervasiveness of a particular activity has nothing to do with its morality. Was slavery more morally correct when the majority approved of it, or at least looked the other way? Absolutely not.
Not to mention that software piracy is on a completely other level than slavery.