While it is great that courts are recognizing the value of pet's lives (I think that is really important), I think this lawsuit is wrong...just another lawsuit for money. The dog should not have been let to roam free by any means. That woman should'nt have been letting her cat roam free either. I want my cats safe, so I keep them inside. I can't trust my dog offleash to come back to me, so I keep him on a leash. Some people need to learn more responsibility, IMO.
I agree that at least this is a start in valuing pet's lives - now we have to trust that it will be fine-tuned. People are not punished enough for being irresponsible pet owners....but frivilous lawsuits are another thing.