Nothing legal will be out to defeat the HDCP algorithym.
I would only expect ANY HD-DVD/BD player to output over HDCP protected HDMI or DVI.  Most likely HDMI.  This doesn't bug me at all, I want the best possible image and I'm not planning on hacking a darn thing, so what does it matter to me?
Okay, yeah, my projector will have to be upgraded...  but it is as good of an excuse as any. 
