The scope of the definition and penalties for piracy are too broad.
Seeking legal action against for profit pirates...fine enough.
Stopping obviously pirated software at the boarder...sure go for it.
However, making mod chips illegal and trying to go after individual pirates?
No, bad idea. Mod chips themselves aren't always used for copyrighted material.
Sometimes it's just used in order to play games from different regions.
In order to go after pirates effectively would require some very invasive policies and law enforcement actions.
Jailing pirates seems to be another bad idea.
That doesn't help mend loses caused by the piracy, it just places another burden on the taxpayers.
This isn't the final product of these newer anti-copyright laws, it most likely will not even get passed.
Even if a similar law does it will probably be changed and refined several times.
So, I'm not overly worried.
Kwil I still have a working VCR, that I use. (Not nearly as often as my DVD player though.)