Can you get in trouble for downloading songs from LimeWire and burning them to a CD for personal use?

Legally, it's wrong to download licensed and copyrighted music and it's even being prosecuted by the federal government. However, virtually all of the cases deal with the biggest offenders who download thousands and thousands of songs. You have to ask yourself whether it's wrong on a moral level, too. Would you be happy if you created something and people could take it for free without compensating you?