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The irony of DRM is it's either too much or too little. With DRM, the readers' rights are restricted in a way they would find ridiculous with pbooks. Can't lend it (except once for 14 days), can't resell it, can't donate it to a library, can't give it to someone else. Then there's the unlikely but real chance you won't be even able to read it at some point b/c you don't actually own it.
Without DRM, it's trivially simple to make unlimited, instant, perfect copies and spread it to all the world. It's easy to say DRM is easily breakable and authors should forget the pirates and concentrate on paying customers. But when it's your livelihood it's difficult to be sanguine. Locks don't stop the determined, but they deter the casual and opportunistic, and keep the basically honest from being too tempted.
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