An interesting open thread at Freedom to Tinker is developing two competing points of view: that Sony BMG got off lightly in their settlement agreement, and that the settlement is a fair and reasonably complete redress of customer grievances.
My $0.02 is that, with the exception of some of the MediaMax provisions, the settlement does not require Sony BMG to do anything that they have not already done themselves. The recall, compensation, offer of free downloads, and stopping XCP production were all in place well before the settlement was reached.
There are some interesting links in one of the comments suggesting that the status of both SunnComm and First4Internet as continuing viable businesses may be in doubt, as they never did that much in revenue to begin with and are facing substantial liability. That is an interesting prospect.