This is a problem for companies like Real, Kaleidescape and the rest who want to "SELL" dvd/bluray management on hard drives.
For US people with the know how, this ain't an issue. Ripping DVD's, CD's to a media server is nothing to do. Bluray is just as easy (take longer though).
There is free software out there to convert bluray rips into formats media center and the likes can read and play, with all the quality in sound and video retained.
So, for me this is not an issue. For the people who want to make media servers a business, they're screwed.