Share Your iTunes Playlists with Musicast

I just saw this mentioned on TUAW: Musicast is a Mac OS X application that lets users stream their iTunes playlists on the web. You simply install the $18 application, choose the playlists you want to make available, and Jane User on the internet can listen to your playlists as streams.

I downloaded the demo app and installed it. I got this message:

Fair enough. Here's what it looks like on the desktop:

Musicast recognized my iTunes playlists right away. All that was left for me to do was check the playlists I want to share and point my friends to my HTTP stream. The firewall here in corporate-ville blocked the outbound stream, and trying to connect to my Musicast resulted in a timeout.

So, are you thinking what I'm thinking? Unlicensed sharing? I know that when I installed the application, I agreed not to share any copyrighted songs. But, other than clicking "I Agree", and the associated guilt should I disobey, what's stopping me? I turned to the Musicast FAQ and found this nugget:

__What about the RIAA?__Musicast is completely legal as long as you're not sharing copyrighted material. Even if you do happen to be sharing stuff you aren't supposed to be, Mr. RIAA would have to guess your IP address to even find your Musicast to see your huge stash of copyrighted music. In version 1.1 (coming soon) we plan to add password protection to further protect our users and their rights.

Ah, I see. Even I choose to break the law, the RIAA probably won't catch me. That gives me warm fuzzy feelings.