the revokation of titles will never work - players that did update their "revocatin lists" can just be flashed into their original state, purging any revocations.
revokation of compromised players will work only for newly published media ofcourse (so your player can still play your older discs fine). i know that's not too comforting, but at least it doesnt make your player 100% unusable. also, once players start being hacked, im sure the whole protection system will be compromised to such a high degree that it'd just be abandoned by the studios. even if they insist on it and blacklist every known player out there.... you'll just play their content in the pirate's way. don't worry.
truth be told, i heared about key revocations in regards to HDCP before, but not AACS. flaws in HDCP have already been found, making it next to useless anyway. i wouldn't bet AACS will last much longer. and maybe the two types of keys (AACS/HDCP) are the same thing... i admit to not understand this topic much.
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