Is this legal? I've seen plenty around before(lost, prison break etc) and always thought that it was illegal to do this? Apologies if I've broken any rules but I thought this place was the best place to ask.
The reason those sites still run is because they link to the video on something like veoh or Stage6 (when it was around) by doing that they are not breaking law because they dont have the files on their servers.
Its illegal to host them on your server. However "linking" depends on the country of which you reside. TV-Links.co.uk was a popular one a while ago, you might want to type that into google. Hope this helped !
No, the reason they still run is because the copyright owners didn't track them yet: http://chillingeffects.org/dmca512/question.cgi?QuestionID=268 So, OP, you're right, it is illegal. :/