The RIAA's Cary Sherman has a Nov 13, 2006 must-read editorial on CNet. In it Sherman calls CEA's President Gary Shapiro statements "extreme", Sherman goes on and describes what he sees as the limits & definition of fair use. Why all the brouhaha? The just recently launched digitalfreedom.org site sponsored by the CEA. If you haven't checked it out I urge you to do so now and while you're there make sure to sign the petition.
My own editorial: The CEA is doing very important work in defending the right of consumers to consume and enjoy media the way THEY want to and not in some manner tightly controlled by the RIAA. Pay close attention to what the new congress does, traditionally the Democratic party is very close to the traditional supporters of the RIAA & the MPAA (lawyers & media companies) and may try to strengthen laws that further restrict consumer's ability to use media that they lawfully own. The best refutation of Sherman's arguments are in Lawrence Lessig's Free Culture. You can find Free Culture online either as a pdf or as MP3's, its a must-read for all 21st century consumers.