Calculate all possible keys for AES 128 encryption to exploit hardware encryption
Is this attack plausible using a modern PC?


No. For AES-128 (or any secure 128-bit symmetric cipher for that matter), there are $2^{128}$ possible keys. You would have to try on average half of those keys before finding the right one, which is $2^{128}/2=2^{127}$. At $100,000,000$ attempts per second (or around $2^{26}$), it would take around $2^{101}$ second. The universe is around 13.7 billion years old (about $2^{59}$ seconds). So the amount of time it would take you is $2^{42}$ times the age of the universe.

There are other ways you can calculate this, but the end result is the same. See How much would it cost in U.S. dollars to brute force a 256 bit key in a year?.

Finally, the relevant XKCD: