This article is from the Anime Music FAQ, by Ru Igarashi with numerous contributions by others.
Ok, another moral territory issue. Setting the moral issue aside for the moment, there are other means of getting the CD. You can check out used CD stores, both brick-and-mortar (if you are so lucky as to have one nearby) and online (some are listed in this FAQ). You can check out the online auction sites, being careful to check catalog numbers, and the usual precautions against fraud. You can inquire in the rec.arts.anime.marketplace newsgroup.
As far as the moral issues are concerned, one argument against bootleg CDs, similar to the affordability perspective, is that acquiring CDs is a luxury and not a right. The notion that "you can live without it, do without", applies similarly here, especially considering you do without with more important stuff.
Concerns regarding the domestic market for non-Japanese re-releases also apply here as with the affordability perspective. In some sense, moreso because the domestic prices tend to be comparable to the bootleggers' (outrageous) prices. That can also lead to some confusion as to what is a legitimate low priced CD.
Finally, not all CDs remain out of print. Some CDs get a new pressing after only a couple years, which helps us folks on the other side of the planet that only get a chance to see the anime a couple years after the Japanese showing. Some CDs, like the Nadia and Patlabor CDs, enjoyed a re-release many years after.
 
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