exphys88
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To a degree... but I would use the VPN service. Its still not truly or completely anonymous though. so I would use and onion router like TOR or something to mix up your IP before it gets to this site. BTW...I'm a "geek" not a Nerd. There is a difference...lol Here is a good site with some good info on how to set up your system to be completely secure Black Hat style. CyberGuerrilla.info » How to secure your computer and surf fully Anonymous BLACK-HAT STYLE
For people recommending TOR, don't forget that it's being routed through other people running this software. That means that at an endpoint, any unencrypted traffic can be read on its way out by whomever is running that endpoint whether it's your neighbor, some guy in the UK, or a honeypot being run by one of the media companies.
Regarding the VPN, make sure it's a reputable company. While you're connected, all of your traffic should be being routed through that company - I would not do any kind of sensitive transactions ( banking, ecommerce ) while logged into one of these VPNs. Although HTTPS *should* protect you during those transactions, there's no reason to expose yourself to potential MITM attacks. Also, depending on how the client is set up, make sure you're not running a split-tunnel where only some of your traffic goes through the VPN. I'd be surprised if you ran into that ( it's generally a corporate network thing ), however it's something to be aware of - it would defeat the point if your torrented traffic wasn't going over the VPN.