Beyond just noting the delay, they also dropped a few dimes on what we can expect from managed copy: the content holder gets to decide how many copies can be made and any device they are copied to requires an Internet connection for verification. Microsoft's COPP (Certified Output Protection Protocol) makes sure you're actually watching a movie and not dumping the video to a file, after which that HDCP-compliant videocard that doesn't exist yet finally lets you play HD-quality content on your monitor.
I really have to wonder, is the BDA that far apart on the DRM issue, or is there any possibility that this is intentional to delay the launch of HD-DVD, which was supposed to debut last year but can't until AACS is finished. Being the first mover was part of HD-DVD's advantage in the face of Blu-ray's greater storage capacity but that continues to shrink and may even be nonexistent by the time they launch. I'll tell you what though Toshiba, how about we just forget the whole AACS, DRM thing? We won't tell if you won't.