Gamesharing

I've been thinking about gamesharing in general lately. Specifically the whole up to 5 ps3s can download any item from the PSN. Even Jack Tretton has said its ok. So, I've been thinking about how we don't have a gamesharing thread or sticky in giantbomb? It is considered ok in most places. Has it been rejected by the community or do people not trust each other to gameshare (I know its always hard to lend someone your PSN ID and password, especially when you have acquired quite a bit of trophies.
 
What are your views on gamesharing and has anyone ever tried it?

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