Geo-Encryption: Global Copyright Defense?

An Anonymous Coward writes: "CIO Insight has a story on the copyright-protection scheme devised by Georgetown professor Dorothy Denning. Geo-encryption uses GPS technology to keep information scrambled until it reaches a precise location anywhere in the world. Denning has started a new company, GeoCodex, to capitalize on the technology." I can't wait for the Crypto-Gram article about this one..