It's not that the Pirate Bay may cease to exist, although with this most recent raid by Swedish authorities, that may be true as well. It's that since a couple of years ago,
the Pirate Bay has become a shadow of its former self, and changed in ways some users would call fundamental.
TPB has become an institution that people just expected to be there. Noone willing to take the technology further. The site was ugly, full of bugs, old code and old design. It never changed except for one thing - the ads. More and more ads was filling the site, and somehow when it felt unimaginable to make these ads more distasteful they somehow ended up even worse.
The original deal with TPB was to close it down on it's tenth birthday. Instead, on that birthday, there was a party in it's "honour" in Stockholm. It was sponsored by some sexist company that sent young girls, dressed in almost no clothes, to hand out freebies to potential customers. There was a ticket price to get in, automatically excluding people with no money. The party had a set line-up with artists, scenes and so on, instead of just asking the people coming to bring the content. Everything went against the ideals that I worked for during my time as part of TPB.<\a>
What's next for The Pirate Bay?
Testaments to the fact that just because tech can do something, and do it really well, that doesn't naturally translate into it being legal/just/unnecessary to evolve.