New encryption for the existing DVD format, eh? RIGHT. IF, and that's a big IF, a company were to add a new encryption layer to the existing DVD format, it wouldn't play in ANY DVD player. It would be highly protected as NO ONE would be able to read the disc. There's only so much they can do with the existing DVD format to protect it.
Next generation discs, ala HD DVD and Blu Ray, WILL have all kinds of new and exciting protection layers. I'm sure Slysoft will take a crack at the new discs when they are available. They will not be as easy as DVD was by any means. And, if they are successful, the studios can change the protection and upgrade the players with new movies. I personally have no interest in the next generation disc as I plan to stick to DVD for quite some time. Yes, the quality will be much higher. I, however, don't own an HDTV and probably won't for at least another year. The difference between DVD and HD DVD or Blu Ray is not as big as the difference between VCR and DVD so I have a feeling a lot of people will not bite when this stuff is released. Besides, I suspect that the studios will feel they can charge more for the new formats because supposedly the consumer will be getting more. I, however, would disagree by saying that the DRM added to the new discs gives me less value for the money, but, that's a philosophical debate.
Anyway, for the time being, AnyDVD works for all known protections and will likely be updated within a day or two for any new protections out there. Slysoft, in a nutshell, absolutely rocks.