It is unknown if this raid will take the site offline for good or just temporarily. "We are not sure when it will return, but we are moving it to another country if necessary," brokep said. Back in June last year, the site had a few major upgrades to make it faster and far more user friendly. The Google-style layout was also complemented with the addition of 10 languages besides English.
One thing that BitTorrent users should be reminded of however, is that ThePirateBay does not, and never has hosted/distributed any material that is subject to copyright. BitTorrent sites offer only "torrent" files that contain information on how a user can download and share specific files.
Update: According to a report by SVT, the Swedish national TV company, 50 police officers participated in the raid at a dozen locations across the country. Three people have been held for questioning. They are suspected of copyright violations or accessory to copyright violations.
Sources:
Slyck
SVT