Read about it first at OpenDVD.org.
2600 has been served injuctions, so check that site for news.

Also check archives at The EFF or JYA's Cryptome Out.

This article at LinuxJournal is an excellent explanation of what is at stake:

"These groups [the MPAA and its allies] seem to believe they are so important to America that they should be allowed to control every facet of what Americans do with digital information. They also seem to think they are entitled to control the design and manufacture of all information technologies that can process digital information" (Paula Samuelson, "Intellectual Property and the Digital Economy: Why the Anti-Circumvention Regulations Need to be Revised", Berkeley Technology Law Review, Spring 1999).