Piracy vs Relevancy

Google said that beginning next week its algorithms would take into account the number of valid copyright removal notices Web sites have received. Web sites with multiple, valid complaints about copyright infringement may appear lower in Google search results.

'Under Copyright Pressure, Google to Alter Search Results - NYTimes.com' from New York Times.

Surely this is a huge issue for Google users. Is this the first time Google has favoured the needs of corporations over the relevancy of its search results?