Okay I have seen a few threads on this issue and I want to shed some light on exactly what and how the pearl encrypts data. Maybe this can be stickied for future use
The Pearl uses an ecryption algorithm called ECC (Elliptic Curve Cryptography)
Elliptic Curve Cryptography (ECC) is emerging as an attractive public-key cryptosystem for mobile/wireless environments. Compared to traditional cryptosystems like RSA, ECC offers equivalent security with smaller key sizes, which results in faster computations, lower power consumption, as well as memory and bandwidth savings. This is especially useful for mobile devices which are typically limited in terms of their CPU, power and network connectivity. However, the true impact of any public-key cryptosystem can only be evaluated in the context of a security protocol. This presents a first estimate of the performance improvements that can be expected in SSL (Secure Socket Layer), the dominant security protocol on the Web today, by adding ECC support.
That being said here is exactly what the Pearl operates at when content protection is enabled.
Strong: 160 Bit ECC
Stronger: 283 Bit ECC
Strongest: 571 Bit ECC
Hopefully this will help some fellow users out there who are interested in knowing how secure their data is on a BB device.