InfoWorld has reported that Managed Copy may actually be implemented this year. One of the main features of AACS, Managed Copy would let you make a backup of a Blu-ray and HD DVD movie or transfer it to a portable device or home media server.
Under a licensing agreement in its final stages, consumers may get the right to make several legal copies of HD DVD and Blu-ray Disc movies they've purchased, a concession by the movie industry that may quell criticism that DRM (digital rights management) technologies are too restrictive.

The agreement, if supported by movie studios and film companies, could allow a consumer to make a backup copy in case their original disc is damaged and another copy for their home media server, said Michael Ayers, a representative of an industry group that licenses the AACS (Advanced Access Content System) copy-prevention system.
Ars Technica has reported that Managed Copy will not be implemented until AACS has been finalized. However, a few studios are expecting it to be in place by the 2007 holiday season. Of course, the way things are going, AACS could be cracked wide open by then.