I'm not really concerned about the image constraint token, to be honest. Who the hell wants to intercept the analog outputs to record a movie? Macrovision was basically the same thing, but for DVDs and, seriously, who gave a ---steaming pile of meadow muffin---. The digital copy protection will be cracked in a year or two (certainly by the time blank media is affordable), and like DVDs, the cracked copy protection can't be fixed without rendering all the existing players useless. We'll copy BluRay/HD-DVD the same way we copy DVDs -- digitally, on our computers. ICT won't even matter.
Frankly, I kind of doubt the ICT will ever be enabled. How long is it going to be before anything even approaching a majority of consumers have HD sets with HDMI inputs? There are hundreds of thousands, maybe millions of 1080i sets in homes today that only have component inputs for HD. By the time HDMI is ubiquitous enough to make switching on the ITC anything but a financial disaster we're going to be looking at 50 Mb/sec household internet connections and discs are going to be on their way to extinction.