Whats really interesting about this raid is the fact that TPB most likely isn't an illegal website in Sweden. In addition to that, the police pulled 400 sites (yes, more than 10 racks worth of servers) from one of Swedens largest webhost just to take down TBP, which is a site suspected of criminal activity. Many of the other sites, who had nothing to do with TPB, such as Fragbite.se are suing the Swedish police, since they took their servers without a search warrant. It may also be possible that the search warrant against TPB isn't legal.
As you americans may understand, the Nordic and also Swedish laws are sane, and protect privacy to at least an adequete extent. Therefore, the raid in TPB may be illegal, and if so, would once and for all make AntiPiratbyran (swedish anti-piracy organization) shut the hell up.