Is MOSH a bit dodge?

Recently Nokia launched the beta site for its new MOSH peer-to-peer mobile content sharing portal. I accepted the beta invite and logged in to have a look around. I actually found some other Flash Liters already in there, along with quite a large number of average punters. The first thing that struck me though was the potential for mobile content copyright infringement and licensing issues. Then Bryan mentioned it on his blog, and now MocoNews also runs with the same idea.

What do you think?