I've been to college, graduate school and now I'm currently the Mother of a college student.
$140 for a Rental book is unconscionable and if it were my son I'd have the DRM off that sucker before it ever hit his iPAD.
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For anyone suggesting that someone crack the DRM, fair warning, in many universities this will qualify as "cheating" and will invoke the Academic Dishonesty clauses that might be in play.
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That's interesting because I've never heard of one single student running into issues over DRM removal. Really don't know how a Professor or University would even know but I guess that if they were going to have a laptop/netbook/iPAD inspection for DRM at the beginning of every lecture my son could just keep his DRM'd copy on his Mac and then keep his unDRM'd back up locked safely away in secret.