True, but for the end-user, for now, isn't the effect of stripping the encryption very close to actually decrypting it? I still get an unencrypted analogue signal that I can connect to either a display or capture device. Perhaps it will not work for every title, but without such a device no titles can be displayed from an HDMI port to an analogue device. Some BluRay players have both HDMI and component outputs but cripple the resolution to component. I'm thinking for example of my 57" Sony HDTV with only composite/svideo and component inputs (not even DVI or VGA). An upconverting DVD or BluRay player will only output 480p over analogue while my device is capable of 1080i.
From the link: "As already noted earlier, there is no way a non-compliant HDCP device can become compliant. This means that there is no way you can use some ‘magical’ HDCP converter. (Except HDfury !)"