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Originally Posted by wallcraft
No. It is characteristic of DRM that there is only one reader for the format on a given machine type.
In the case of eReader, it is possible to remove the DRM ( eReader Decoder Tool). Calibre can then format shift the resulting HTML to other ebook formats (I suggest 0.6.0 beta if you are new to Calibre, it is almost ready to come out of beta testing and supports more output formats). Other good options for Windows XP Readers include MobiPocket (MOBI), Adobe Digital Editions (ePub), and FBReader (many DRM-free formats).
Stripping DRM from ebooks for personal use is thought by some to be illegal in the US, but no one has ever been sued for doing so.
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There is a specific exemption to the DMCA for stripping the DRM off ebooks which do not have any versions that can be used with a screen reader (all of them, pretty much, it's the first thing they disable, since it's easy to use the accessibility APIs to grab the text of the book otherwise)
http://www.copyright.gov/fedreg/2006/71fr68472.html
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4. Literary works distributed in ebook format when all existing ebook editions of the work (including digital text editions made available by authorized entities) contain access controls that prevent the enabling either of the book’s read–aloud function or of screen readers that render the text into a specialized format.
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