Balls. The whole pop music industry is about passive consumption (as were most of the trends that emerged from the sixties

). I don't see how downloading makes it any worse.
It's not about fucking bands over either - you've got to look at the bigger picture. There's a huge sea change in how people see digital data in general. I don't imagine the Encyclopedia Brittanica has nice things to say about wikipedia, but if they spend their time bitching and whining about it I'm sure they'll just go out of business a lot quicker.
The internet is a technology that provides free data. You can't put it back in the bottle now, any more than governments could fight the emergence of new popular ideas after the invention of the printing press.
I couldn't care less if the record industry dies. How bands are going to deal with it I don't know, but if they want to play music, and people want to hear their music, then it will happen somehow. Maybe it will be more difficult, but so what? There's too much shit out there anyway - we could do with a purge of the bands who don't care enough to fight through a few difficulties