ArsTechnica has a story of how the new AACS encryption key has already been cracked before it has even been released:
"Despite the best efforts of the Advanced Access Content System (AACS) Licensing Administration (AACS LA), content pirates remain one step ahead. A new volume key used by high-def films scheduled for release next week has already been cracked. The previous AACS volume key was invalidated by AACS LA after it was exposed and broadly disseminated earlier this month. The latest beta release of SlySoft's AnyDVD HD program can apparently be used to rip HD DVD discs that use AACS version 3. Although these won't hit store shelves until the May 22, pirates have already successfully tested SlySoft's program with early release previews of the Matrix trilogy."
More after the link.