Let me cover the obvious lunacy in the filing. Wiley's lawyers are claiming thatn"the amount of lost revenues is enormous". Really? I don't see how the current situation can be all that bad; it was only last month that Wiley reported that ebook sales had tripled and now accounted for 11% of revenues. Just think, if not for the pirates, ebook sales might have quadrupled! Or More!
TBH, their total revenues were down a fraction of a percent last quarter (press release), but that was by no means dire. Their revenues were up 4% at the end of last fiscal year. They're not suffering, by any measure.
I could go on to ridicule the rest of the filing (there is some excellent hyperbole in need of deflating), but I will not. It's actually simpler to criticize the very principle of suing individual pirates. My position on fighting piracy is simple, and I have said it before. Only fight piracy in ways that allow you to turn a pirate into a customer. If you're not going to make money off the expense of fighting piracy then it's not worth fighting.
Will suing individual pirates stop the rest? No. Will it turn the pirates into customers that are worth more than the lawsuit will cost? No - actually, it might cover the cost of the lawsuit. The RIAA have filed thousands upon thousands of lawsuits and they did usually keep enough coming in to cover their costs. (Curiously enough, none of the artists who performed the pirated songs ever got a cut, so arguably the RIAA just barely covered the cost of the lawsuits. *snort*)
But even if these pirates are made to pay, the PR damage might outweigh any financial gain. The RIAA have filed so many piracy lawsuits that the very concept is subject to ridicule. The RIAA have made themselves a joke for the failed efforts to thwart piracy by suing single pirates. And yes, even the RIAA decided that this lawsuit is a waste of time. That's why they stopped.
Wiley are going to bring that label upon themselves. What's worse is that they are going to show themselves to be people who didn't think this through, and that they don't really understand the technical or cultural details of bittorrent. Wiley either don't know or don't care that this type of lawsuit is ineffective.
And the cherry on top is that Wiley are a technical publisher; many of their customers do understand these details. A lot of us are going to snicker at Wiley as this lawsuit progresses.