This story isn't over. We don't know how it will finally play out. Though the opposition to more restrictions and more stringent enforcement is strong, it doesn't mean that legalizing all free exchanges will happen. Rather, the present lax regime of not, for the most part, enforcing copyright may simply continue.
My most optimistic take is that free exchange will undermine restrictions on free exchange of copyrighted material around the world and force the recording and video business to find other business models. That will happen as long as Swedish sources of free downloads can be accessed, as currently with Pirate Bay. They do need better advertising in the rest of the world.
We should however, expect the RIAA, MPAA, and owners of copyrighted material to go to extremes to put pressure on their governments and through them, on the Swedish government. We all have an interest in seeing that they don't succeed.