yay and nay. In LJ's favour, I can see that a) they're hosting it, so if they decide they don;t want to, thet's their perogative and b) having illegal things listed in your interests is somewhat asking for trouble.

However, my main issue with this, from what little I know, is not the intent, but the execution. In trying to protect the unwashed masses from actual criminals, they are succeeding only in pissing off people unassociated with said criminals. Their approach has no real effect on the people they're trying to target, and achieves none of its stated objectives. All it achieves is the unstated one of being able to say "lookit, we're doing something".