I'm sure I speak for a lot of people when I say LEAVE IT ALONE! All this is going to do is show someone the way to bootleg what I spent my hard earned money for. If I see the information posted here I WILL send the link to any threads I see it in to Knife Edge software. Maybe they would like to track who is trying to pirate their software. It is copy protected for a reason.
If you're worried about the disc getting damaged then put it in a safe place. It's not needed other than at installation. I don't know what the replacement policy is but if I destroy it through my negligence I'm not going to expect them to give me a free one!