It seems more that if you copy your copy of Jet set willy from casette to computer it will no longer be Copyright violation.
That's why the whole copyright concept is stupid.
Before this you could buy a game on floppy disk but you were actually not allowed to copy it on a CD (to be more safe) cause you would be breaking the law (ehm the US law). with this new law it seems you can actually copy it for preservation purpose. as for abandonia - users are acrhiving the games for preservation purpose as well. 
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Crantius Colto: Fear not. You are safe here with me.
Lifts-Her-Tail: I must finish my cleaning, sir. The mistress will have my head if I do not!
Crantius Colto: Cleaning, eh? I have something for you. Here, polish my spear.
Lifts-Her-Tail: But it is huge! It could take me all night!
Crantius Colto: Plenty of time, my sweet. Plenty of time.
From The Lusty Argonian Maid by Crassius Curio found in TES3: Morrowind
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