Quoted from wizzardz:
They are working on a new album. My guess is that any Metallica pin would coincide with that release (2014 sometime).
I grew up in the bay area and saw them a few times live in their early days where they would scream for everyone to bootleg their concerts. It was a great way to get the exposure. But its left a really bad taste that they would take such an opposing stance once they've made it. No telling how fervently they will chase violators now that they bought the rights to their catalog. I would hate to be the poor licensing manger at Stern and have to work with these guys.
Oh for god's sake. They never fervently chased anyone. They sued Napster because Napster refused to remove their commercial releases from its service when Metallica asked that they be removed. The result of the suit (as well as another huge suit that involved 18 record companies, both of which Napster lost) was that any artist who wanted to have their music pulled from the service from then on could do so. Like for example the much smaller artists who could never afford to fight such a battle, and whose livelihoods were probably more dramatically impacted by the piracy. Ever notice how tons of YouTube videos get pulled all the time for copyright infringement from television networks, record labels, bands etc? How is it any different? I don't blame the band or anyone else for trying to protect their work, personally.
As for live bootlegs, Metallica has been one of the most taper-friendly big bands for the majority of their career, with dedicated taper sections at their shows, many free live show downloads on their site, etc. I've never heard of them frowning upon or trying to shut down live show bootlegging specifically. Screaming out "bootleg this concert and give it to your friends" to 100 people at a club in 1982 is a lot different than having to watch your entire catalog -- decades of your hard work --easily stolen by hundreds of thousands of people with the click of a mouse.
Obviously as time has proven there is no real way to fight p2p, torrents, etc and music piracy is still rampant, but I think coming into the situation at the time without a lot of internet savvy, the band reacted in a somewhat understandable way. And now that 12 years have passed it seems like a pretty ridiculous thing to continue to hold over them, or to bring up in a thread about a pinball machine. As if it hasn't been debated into the ground a million times all over the internet already.