New proposal is slightly twisted, IMHO :-) It allows individuals to copy copy-protected material they own, for their own personal use, just as usual. Proposal also allows individuals to circumvent copy-protection mechanisms in order to backup their CDs, DVDs, eBooks, etc. But the proposal also outlaws distribution of circumvention tools, such as DVD rippers. So, if the proposal is accepted by Finnish parliament, Finnish consumers can legally rip their own movies as much as they want, but the sites who distribute DVD rippers violate the law :-)
One nice thing though -- proposal specifically says that DVD region encoding is NOT a copy-protection mechanism and therefor selling "modified" DVD players that allow all regions to be played, will be perfectly legal in Finland.
But yes, if the law passes like this and if the UK (where AfterDawn is ALSO based :-) doesn't allow non-commercial DVD ripper distribution, it seems that we will remove all DVD rippers by 21st of December from our site. And I expect other European DVD ripping sites to follow the suit. But DVD region code hacks will stay ;-)
Source: Ministry of Education's press release