Well, the furor has died down a little, and most studios are just sending regular DVDs with watermarks, but they are still very, very paranoid about movies leaking onto the Internet, and every package comes with a warning about how if you post the movie online, they will track you with the watermark and prosecute you to the fullest extent of the law. But the level of ridiculousness goes even further than that. The letter I got from Fox Searchlight today with my screeners of Thank You for Smoking and The Last King of Scotland had this paragraph on "disposing of screeners" after the standard warning about fines and jail time:
If you want to discard the screeners after reviewing it for awards consideration, please securely destroy them so your personal copies do not fall into the wrong hands. The easiest way is to just take a pair of household scissors and cut the discs in half.
Clearly, in order to protect the movies, we must destroy them. I think we are only a year or two away from "This awards screener will self-destruct in 30 days, or after the Oscar nominations have been announced, whichever comes first."