SlySoft (the makers of AnyDVD, CloneDVD, and many other disc-copying software apps) has just cracked the Blu-ray BD+ copy protection. SlySoft CEO Giancarlo Bettini said his company will release commercial software to copy Blu-ray movies and games by the end of the year. Sony had said its copy protection would be good for ten years.
However, Blu-ray blank discs are still very expensive right now ($40+ for a writable,) so it is not yet financially feasible for consumers to be burning their own Blu-ray discs.
(via Gizmodo and The Inquirer on October 30, 2007)