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Stone, it is seemingly impossible to move past the point of DRM being only an inconvenience for law-abiding customers. That is the root complaint. It does NOT stop and rarely even slows pirates.
In a perfect world, where my unique personal ID unlocks everything I own anywhere AND is impossible for pirates to break, I'd agree with you. DRM would be a handy useful control. I don't see that perfect world happening soon. So DRM remains, at a minimum, an inconvenience and, potentially, a takes-my-stuff-away problem (e.g. when a DRM server is taken off-line).
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