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Besides, who would want to see a film shot on a camcorder in a cinema?

Unfortunately, some piracy rings operate in exactly that fashion. Then they sell VCDs or DVDs or the cammed films. Or post them on the internet to be downloaded.

I just laugh at the whole thing. Those who already do that will not be deterred by a copyright message, because they know what they're doing. Someone caught doing it can be ejected from the theater anyway, whether that message was on the film or not, so it's not a legal tool. So if it's not a deterrent, and not a legal tool, then the only thing the message does is insult the law abiding patrons.
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Tony Fabris