Heh... Glad it's not just me.
From the little I've read online, the only solution I've found
IF this is true and Ultra doesn't support non-HDCP is to use AnyDVD HD. That program seems to have trouble with BD+ titles (if I'm following these threads on their forums correctly) and I don't know if it supports "Bonus View". Either way, I'd like to have some PowerDVD Ultra confirmation.