WinX Blu-ray Decrypter software description by the developer:
Backup and Decrypt Blu-ray Video Disc to Your Hard Drive
WinX Blu-ray Decrypter is able to decrypt any Blu-ray video disc, even encrypted with recent AACS MKB v25, BD+ and BD-Live, etc., and transform 3D Blu-ray to 2D video. It comes with 2 copy methods – Full Disc Backup and Main Title copy modes. You can get decrypted Blu-ray folder or HD M2TS videos on the hard drive.
To get it for free, download  the installation file and activate it with: AR-TZTQTXHM-SMNZOO.
Activate the software before Sept 15, 2011 to get it for free. No free upgrade. Giveaway homepage: http://www.winxdvd.com/blu-ray-decrypter/ .