Well, it does work. It also controls my TV, so, it's the best of both worlds! I can now use a remote to control PowerDVD. For anyone who DOES want to do this without having an IR remote, the PS3 Blu-Ray/Media remote is a good option. All it requires extra is a Bluetooth dongle, and a piece of keymapping software called PS3BluMote. I won't post a link here, 'caue I don't know if external links are allowed, but a quick Google search should turn it up.
"Good judgement comes from experience. And a lot of that comes from bad judgement." --Will Rogers