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As long as the same physical device that is required to read the work is available in 200 years still exists, the same operating system used to interface (i.e. "sync") with that device still exists in 200 years, and the same processes used to "unlock" that work covered by that version of DRM provided by that manufacturer, then I suppose it would be acceptable.
In other words: It is completely unacceptable.
We have books that were written 200, 500 and 1,000 years ago and are still completely readable, legible and available in digital format for those that wish to read them.
Will these DRM-enabled works follow the same path? Highly unlikely.
If the DRM (or a proprietary device or format) impedes the ability to read the work in 10, 50, 200 years, then it should not be used. Period.
When everything is digital first, with the possibility of a paper/printed version coming later, it becomes even MORE important to make sure that it is NOT restricted by DRM or other means, if you still wish a wider audience to continue to benefit from reading the work.
Lastly, where is the DRM in the paper/printed versions of books today? How has the "IP" in any way been diluted by using digital vs. paper? Answer: It hasn't.
You've made the same mistake thousands upon thousands of people have made over the last several years, by confusing Copyright with the need to implement DRM to protect it.
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