Some people have doubts about his solutions at the moment (I have some doubts myself as well) but I trust the guy so let's just wait and see.
Only thing I'm afraid of here is Bitcoin gaining a bad reputation from this whole deal , If Megaupload 2.0 will be successfull like Megaupload 1.0 used to be and then goes down... then a lot of people will point to Bitcoin (mostly the Media)