Amusing
For this device to have any utility, that would mean it is highly probable that the user has a "legit" copy of a piece of media, and is playing it on a compliant media player. Or it wouldn't have HDCP going out on the wire to strip out.
We'd better shut those people right down. Paying for content might be habit forming, and once you've got an established pattern of behavior, it's frightfully difficult to stop.