It still seems to be legal with the proviso:
...only the individual who purchased the original copy of the work, and not others such as a friend or family, is legally allowed to copy it.
They're still after me for copying songs off the Top 40 in the late 80s. I learned how to make Bruno Brooks stop talking over the intro and outro with mental telepathy. The power to silence Bruno actually proved to be a boon. Sometimes I still send the command just for a laugh.