Before asking about traffic i want to tell you something:

First : Releaselog ? RLSLOG.net 2006-2011 (note in a few days we will be 2012 so basically a site that has been run for 6 whole years,this is not a quick money site)
Second:You should be ready to experience the fact,that you will have a lot of emails sent everyday from governments,microsoft,copyright owners etc who will be threatening you to shut down your site,kill you,will hunt you down,etc
Third:In order to be a site that big,and have a lot of traffic you need a lot of content,thus a lot of work.But you cannot possibly write all these posts like in rlslog every single day,so you need to regroup people.
Fourth: You would need a lot of backlinks rslog has 394 000 + -
Actually there are so many things,problems like ,experiencing DDos,Hack attacks(example warez-bb a week ago),that you should really reconsider making a warez website in the first place.You will run your site 1 year max. and then you will be tired of doing and you will sell you site for some miserable 150 $ .It might sound discouraging but go to KWWH marketplace section,and you see that people sell their site sooner or later,because their tired.

Of course,you can prove me wrong and aim high