Megan McArdle at The Daily Beast argues that they are most definitely not:
This argument is both ludicrous, and wrong. Ludicrous, because if piracy is actually wrong, it doesn’t get less wrong simply because you can’t have the product exactly when and where you want it at a price you wish to pay. You are not entitled to shoplift Birkin bags on the grounds that they are ludicrously overpriced, and you cannot say you had no alternative but to break into an the local ice cream parlor at 2 am because you are really craving some Rocky Road and the insensitive bastards refused to stay open 24/7 so that you could have your favorite sweet treat whenever you want. You are not forced into piracy because you can’t get a television show at the exact moment when you want to see it; you are choosing piracy.
The lowdown, if you want to watch something wait. Or be prepared to fork out some real money to do so. It’s as simple as that.