This is a very hard question to answer, and it depends where in the world you live and what sort of files you are sharing. If you are sharing all the latest releases in the USA you should be infinitely more careful than if you are sharing 1930s music in Cyprus. The 1000 number ..also 700 are mentioned in the forums. I think 700 was mentioned by someone who was actually caught ... In the USA. It is all hypothetical of course since you and I aggreed not to use Limewire to infringe copyright, but I'm told some people ignore this, and they should, more than anything else, use their common sense. Sharing copyrighted files is illegal in a great many parts of the world, as is speeding in your car, and well you can see where I'm going with the analogy I hope ......
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