Watching Latest Movies Online.

The debate is, is it legal to watch movies online without violating copy right act?

For example the following site has lot of movies.

http://www.joox.net

Some people say that since we are not source of those movies it is fine to watch. They also mention that do not download the movies to your hard disk. Some people say that even watching online is violation of copy right.

Please post your comments.

Thank you.
Murthy