I've been selling downloadable files for years and I'd say that it is currently not worth the risk. They, the hackers, sell my designs from time to time and it's really not that big of a deal in that regard, but what makes it not worth it I think is the market is currently so small.
For years I've sold to people with CNC equipment and only recently started making moves to sell to people with 3D printers. Nothing exciting ever happened with the CNC crowd. Out of about 500 unique visitors per month to my
website I sell about 5 to 7 items per year and they download about 3000 free items per month. If I ever get around to it I'll try lowering the prices to something like a dollar per item for each item and see what that does, but I'm not too interested in it overall, cuz there just isn't a huge market. And so, the 3D printing related market may even be lower. Yet, on the other hand, they are completely differently minded people so it could be different.
It sure is nice though! Wake up and there is money in your account without doing anything! HAHAHA!
What I envision happening is, 3D printer prices will come down as major manufacturers get into it, like HP for example. Then a trend will occur with the masses getting involved just so they can say they have a 3D printer at home currently printing such and such.
The masses won't ever know how to run 3D modeling software for the most part, so what they'll do is look for files to buy or download for free. If that happens, it could turn into a goldmine for people like us!
In the meanwhile, in addition to creating your art, I know you build software that enables people to create printable designs without any 3D modeling experience whatsoever. I WOULD DEFINITELY KEEP WORKING ON THAT!
THAT COULD END UP BEING THE HOLY GRAIL OF MAKING MONEY WITH 3D PRINTING!!!