Did it really kill P2P?

So it seems like everyone is saying that the recent Supreme Court ruling has killed P2P and basically that all P2P has been outlawed. Like the other ruling about religious displays in courthouses it seems like the truth isn't quite so clear-cut. Didn't the ruling actually say:

"We hold that one who distributes a device with the object of promoting its use to infringe copyright, as shown by clear expression or other affirmative steps taken to foster infringement, is liable for the resulting acts of infringement by third parties,"

So surely that distinguishes between technologies that can infringe copyright (VCRs) and technologies that are promoted specifically to infringe copyright (as Grokster was). Specifically if people really think this has overturned the VCR ruling then surely it means that photocopiers and scanners are now illegal - along with tape recorders, MP3 players etc. Indeed the entire infrastructure of the world wide web would be held suspect as it can (and is) used widely to infringe copyright. I don't think that was at all what the justices intended.