So it really shouldn’t come as a surprise to anybody that the Advanced Access Content System (AACS) of HD DVD and Blu-Ray has already been cracked. AACS was supposed to be far tougher than CSS, the system used on conventional DVDs (the cracking code for which was once famously printed on a t-shirt).
A tool called BackupHDDVD has been released which ought to allow you to pull content off an HDDVD (for your own personal use, of course). Engadget is testing it out, and though they haven’t gotten it to work yet, that’s largely a restriction of the DVD playing software. I fully expect this to be GUIfied and perfected within a couple of weeks.