Yes, it's true. And no, probably no current TVs will fully support the standard, since it's not finalized yet (afaik). I could be wrong on the second part.

Basically, what HDCP lets studios do is set whether input can be degraded out of the analog outs, turn off the non HDCP digital outs, etc.

Enjoy spending thousands on new equipment, everyone...

I am the Doctor, and THIS... is my SPOON!