There has been some form of "Warez" since computers became somewhat mainstream. I remember trading 5.25 floppies with friends with different software on it. Later on you could use your 1200 baud (1.2kbit/s) modem to dial into a "BBS Service" hosted in someones basement and download Warez. I remember spending about 2 weeks downloading a 3 meg game.

Warez isn't going anywhere, although the distribution may change and once again become somewhat of a hassle to deal with. Will have to wait and see.