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Any proxy server on the internet can do this for you. They are free, just do a search on google. However there is no hiding your IP from your provider, since they assign it to you. They are required to maintain logs of their IPs for many different reasons, so at any time, they could match a given IP with the user who has it.
This is true ... but it's also true that merely connecting to a file-sharing service is not proof you're sharing something illegal. That's partly why Grokster/Streamcast prevailed in the recent court case -- because the judge cited the Supreme Court ruling of Columbia V. Sony, "...substantial non-infringing uses." If someone uploading a file from you cannot ascertain your IP number, how can they ascertain who your provider is? And without knowing who your provider is, who do they complain to?