BD drive+PC+AnyDVD+streaming

Since I've been screwed twice now by various lawyers in charge of 
engineering video media I am looking for an alternative to get Hi Def Eye 
Candy besides replacing my RP HDTV with component only inputs with an HDMI

1.3 capable HDTV and adding on a STB BD player since my HD DVD/XBox360
combo 
is largely useless.

My thought is to do something along this line.  I stream to RP HDTV all
the 
time from various computers in the home.  I either use the XBox360 or,
more 
often than not, the Avel LinkPlayer 2.  What I am thinking of doing is to 
put a BD drive in one of my 51/4 inch bays and using AnyDVD to rip it to
the 
hard drive.  This should cir***vent the DRM nonsense so that I can watch
my 
Netflix BD rentals on my home system.  I just stream the ts files to the 
Avel LP2.

Anyone doing anything similar?