...if you view their goals and their audience accurately.

I argue that they didn't want to stop file sharing. Or they did want it, but didn't expect to succeeded at such an endeavor.

The purpose of this was to make filesharing seem like a small scale threat that could easily be dealt with by a campaign of lawsuits. Most of the investors in the RIAA have no idea how the recording industry works let alone why the internet is such a giant threat to it.

These lawsuits were a smokescreen to stop shareholders from realizing the record label's business model had failed. Any survival at all would involve massively reduced profit margins. If they had realized that, shareholders would have bailed from the recording industry en masse.

The goal of this legal campaign was to buy a few extra years for the the Hillary Rosens and the Jack Valentis of the world to quietly divest themselves of recording industry stock.

So good job guys! May you successfully avoid shareholder lawsuits!