If it does go through and border searches for pirated media become a reality, it would be terribly unfortunate if random people had encrypted files on their computer that they don't know the password to, entering the UK. In fact any unexplained binary file of about 3mb could be an encrypted mp3. Handover the password: or rot in contempt of court. EFF are right about encrypting your disk as a new years resolution. This could be a disaster if it gets fully ratified.
http://en.wikipedia.org/wiki/Anti-Counterfeiting_Trade_Agree...
"exempts travellers from (border) checks if the infringing goods are not part of large scale traffic" I'd love to know how they expect border security guards to determine what's part of large scale traffic and what's not.
"jailed over computer password refusal": http://www.bbc.co.uk/news/uk-england-11479831