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I'm late to the party, I know, but I haven't seen my two cents lying around elsewhere, so I thought I'd throw it in.
My objections to DRM are less on the idealistic grounds of rights and ownership and more from the pragmatic standpoint of how it impacts the improvement of ebooks as a medium and the software and devices for distributing and using them, and the consequent impact on publishing and literature. In my experience, DRM on any digital content devalues it in the obvious way of restricting its use, but also has an opportunity cost in terms of where development resources are going. We end with software written by IP lawyers, focused on removing functionality rather than adding value to the user experience.
It also establishes an antagonistic relationship between the publisher (and by extension, the authors) and the readership, particularly the most informed and vocal segment of the readership, which is no good for anyone.
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