DivX's Stage 6 Streaming Video Site Shutting Down

That sucks, Stage6 for me anyway is by far the best video streaming site available in terms of quality of videos and site management.
 
Something tells me theres something more legal about the shutdown than they are mentioning. It did host a lot of what could be called, illegal viewing of shows and downloading them to your hard drive to watch whenever.
 
If stage6, had the amount of vids as youtube, it would be way bigger, I still like it better, shame its shutting =( IF thats true anyway.
 
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