More on Windows XP copy protection scheme

Is Microsoft beginning to make its copy protection scheme bulletproof? Rand informs us that The Register is running a story on the latest build of Windows XP:
The importance of 2469 would therefore seem to us to be that it's the first build where Microsoft has given us some indication of how tough the protection in the shipping product will be. So this might be Product Activation, Release Candidate 1. According to Joolz of (which is currently running a Verdict on 2469 piece), the problem lies in something Microsoft's done to winlogon.exe. "The old crack was to replace that file with an older version. This no longer works. It blue screens during setup if you do that! Its winlogon.exe that handles the activation."
Build 2469 was released to beta testers and 'accidentally' leaked late last week. Although it looks harder to crack now, will Microsoft's copy protection scheme be dead on arrival?
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