You watch Fight Club several times per week?! I can't understand the motivation, but hey, people are different!
I've seen Fight Club exactly once, in a theatre, but there are movies I've seen many times, and will watch again. One such movie is Leon ("The Professional"). In case you haven't seen it, do yourself a favour.. It has to be the director's cut though.
> Finally, I think at this stage piracy (well, quality piracy at least) is still something that Joe Public isn't savvy enough to pick up.
Maybe, but many Joe Publics are already downloading movies much like you and I, and at least see some of the good stuff in there while looking for Saw XVII.
They might download quality entertainment by accident. Of course, they might just as well stop watching it too, when quality fails to keep their attention.
Anyways, Transformers was legendary for me too, and the movie was enjoyable, with some of the coolest 3D ever. I feared Michael Bay would just totally ruin it.
In general I agree that music has far greater replay value. I think that's partially because it's something that can be enjoyed basically any time, anywhere. I can't think of the last time I worked in silence for more than a few minutes at a time. That being said, I do my best to "pay tribute" to quality media by purchasing it. I'm sure I own quite a few movies I haven't seen in years, but I bought them because they struck me as worth paying for.
Finally, I think at this stage piracy (well, quality piracy at least) is still something that Joe Public isn't savvy enough to pick up. By the time the people who pay to consume all the horrible media out there (like, 90% of the total), I would hope a sane and intelligent response to the piracy issue will have found its way to "Big Entertainment."