This was a concern in the mid-to-late aughts very early into the format's debut, but not so much anymore, if at all. I have Pioneer Elite Blu-ray players running pre-2010 firmware that have never had any playback issues with new releases for 13 some years now.

AFAIU ripping software providers have switched to distributing the per-release AACS processing keys instead of the per-device keys so there is nothing to revoke unless they somehow find out which devices or device keys are being used to decrypt those processing keys - and even that would only delay new leaks until another device/player is cracked.