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Copyright Infrigment
I'm fairly certain the legal action would be "take that down right now" and in which case Blargel said they'd do that if asked (or rather told) to do-so...
A takedown request / cease and desist is not legal action; there is no prosecution taking place. A lawsuit, however, is one.
And that quote isn't about what the wiki will face. Since Blargel wishes to encourage usage of the copyrighted material, he's exposing people to possible legal action being taken against said people, since unknowing people may use this copyrighted material without knowing it is such (cause, you know, material on a wiki should either be a) public domain or b) copyrighted w/ permission).