Fixed.
"AFACT has issued a statement in which it says the decision "exposes the failure of Big Media to keep pace with the online environment ..."
The Beer is for iiNet, who have been put through the wringer and come out clean. MPAA & RIAA must be spewing - they went after one of the smallest, easiest, most vulnerable targets they could, in the hope they'd get a decision that could be used as a weapon against bigger targets.
I was going to say It's like watching a runner fall at the first hurdle, but it's probably more like watching a runner false start, run over to the official and shoot themselves in the foot with the starting pistol.