well, as you probably know, I own and run code666 records, which is exactly the kind of label Lee is speaking of: an underground label focusing on weird, original and extreme bands willing to make the next step up and become a small "professional" label.
Unfortunately, I don't have Earache behind, I'm alone with no money, no big promoters, no big Tours, just myself, my ideas and my taste.
and I can assure you, that mp3, peer to peer and free downloading is killing me and all my bands, just because we NEVER reach the break even of our albums.
sure, almost all my bands are now quite well known in the underground, because with interent it's a lot more easy to do promotion, and mp3 helps out A LOT, so everybody is talking now of Aborym, Manes, Aghora, Ephel Duath, Rakoth, Negura Bunget, etc... but the "hype" around that band is not the same if we look at how many albums those bands are selling, just because, as Lee pointed out, people prefere to download the new Manes for free instead of buying it, it's normal, I mean we are all humans and I know that something "Free" is always tempting... I love music too much for not buying it, but for example I will "download" for free comics if that would be possible, or whatever other stuff I'm interested in.
but doing this, I must be aware that I'm killing what i like, I'm killing the music I love, and in few time there will be no more original weird extreme bands.
so please download mp3, even the entire album, but ALWAYS buy it if you like it.