I'm not an intellectual property/copyright lawyer but, based on nothing more than general knowledge, that seems to be a fair summary.
People have copied for personal use ever since tape-recorders were invented decades ago, and the intricacies of different laws relating to different types of media which now exist aren't going to change that.
Whatever the position in law, there's a big difference in practice between copying for personal use and copying for sale. Copying for personal use is unlikely to be detected/prosecuted - but you take the risk you might be unlucky.
Copying for sale is a very different matter. Those caught are always prosecuted and, if convicted, a prison sentence is very likely - certain if on a large-scale.

Discussing copying techniques isn't against the law.


The computer software, music and movie industries are increasing their efforts to crack down on copying because it damages their profits. I suspect there would be less illegal copying in the UK if the retail prices were more reasonable - or at least in line with US prices.