Blu-ray to follow HD DVD?

Blu-ray DVDFollowing the news of BackupHDDVDs success in bypassing AACS and allowing HD DVDs to be backed up, rumours are starting to spring up about a similar bypass to Blu-ray disks.

It is being suggested that the new Playstation 3 is being used to rip and decrypt Blu-ray disks.

If true, then I suspect that it not BD+ content that is being bypassed as the spec for doesn't seem to have been finalised yet, but even so.