Ok, first, you contradicted yourself by stating its not morally right but its not a lost sale...then openly admit that even in some cases there is a lost sale...which is my point.
You guys want to dance around what is considered a 'lost' sale...maybe you should look up the word '
sale'
http://dictionary.reference.com/browse/sale
Now, does pirating translate to a sale? I don't care if you buy a game and make a million copies...if you keep those copies to yourself then no law has been broken or no sale has been lost. Give it away (Physical or digital) and that one person who gets the product without any monetary exchange going back to dev/pub = lost sale. Why would anyone buy a game after they've obtained it for free? How can so many people not use their brain and grasp this?
Of all those ps2 games you pirated, how many of those games did you pay for? Please don't tell me some bullshit like "Someone paid for them!" or "I bought most of the games I pirated!"