No more analog copies or dangerous methods involving adhesive tape or markers. It is really easy to bypass the new key2lock protection and enjoy your digital copy on a PC (or MAC) or rip it to mp3's, providing you have the right tools. And the "right tools" in our case is CloneCD 4.0.0.1 (not an earlier version).
Just follow these instructions:

1. First of all, before inserting the protected cd, deactivate the autorun feature for your CD player (or just open your CloneCD, it does this automatically). If you don't, the CD will spin endlessly in your CD player.
2. If you have not done that already, open CloneCD. Choose "Read to image file".
3. Choose the CD player the CD is in. In the next screen, you can see the contents of the CD and you are presented with some choices (Audio CD, Data CD etc). Viewing the contents, you can see 2 sessions, one with the tracks and a second containing data. Since the CD does not work on a PC (or a MAC), these data are the copy protection. Here is where the new CloneCD makes the difference. On the choises menu, choose "Audio CD". This choise makes CloneCD to copy ONLY the first session, which contains the tracks, eliminating the protection.
4. Proceed in making an image of the CD, as usual.
5. When the image is ready, choose "write from image file".
6. Look at the image's contents. Now you can see ONLY 1 session, containing just the tracks!
7. Burn as usual.
8. Now, load your new CD in your computer's CD player. Voila! A digital copy, equal to the original, except for the protection!

The whole proceedure took place on:

Dual Pentium II 400 MHz
Windows XP
Reader: DVD NEC DV-5500A
Writer: CDRW RICOH MP7200A

The protected CD I used was the soundtrack of "STAR WARS Episode II: Attack of the Clones"

(I believe the whole thing can be done "on the fly", without images, but I just haven't tried it yet...)

Good Luck to everybody

Thruba