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I think one difference between the rental and the library book is that the library book is already paid for in full whereas a rented one is one that you the renter have to keep paying on. I have to wonder how long it will be before either a law is passed or teeth are given to any present laws regarding DRM stripping. And who they will go after if/when that happens. I mean they may not like that people do it, but are they going to treat both the person who does it simply for themselves and the person who does it then spreads it (via torrent file) across the web the same? Not that they will appreciate either one I'm sure but the one costs them 1 copy while the other way costs them a good deal more (at least in theory). And would it be cost effective to check every person's ereader to make sure their books were all legal copies? It's easier to go after one or two people than it is to go after millions. As far as stripping the DRM from books that a person does own I don't see the harm either as long as they are kept for an offline archive just for that person. It's when they strip them and reload them into torrent files that I'd say they've crossed a line.
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