File this story under "you couldn't make it up"; midget, cross-dressing, comedy-act Prince is bandwagon jumping (which makes a change from the usual shark), and suing The Pirate Bay for piracy.
As the first commenter on El Reg mentions, Prince's most recent album was given away free with a low-brow UK newspaper at launch, so it's hardly high-value content. In fact for added perspective, I bought said paper just out of curiousity, recycled the paper (well the pet rabbit did) instead of reading it, and lost the cd before it was ever played. I'd even forgotten the entire event until today; so, what's the value of Prince's work? Not a lot, I'd say...