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I personally don't see stripping DRM from a book any different than simply downloading a copy of the book.
If you own it, then it's morally acceptable. If you don't, it's not.
Then again, I also happen to consider libraries more or less crooked. They're like a double robbery (first, taxes, secondly, authors are having their books read by 1000s without any sort of compensation, beyond selling one book).
Books shouldn't be any different from movies or other media. Borrowing a book and stripping DRM from it and keeping it is like copying a DVD from Netflix. Is it like shoplifting a DVD? No, but you gaining a benefit from someone else's work (the people that made the movie) and not giving them anything in return.
Which is not only immoral, it's also hurting yourself in the long run. If the stuff you like isn't making money, then they will make stuff that does sell or is cheap to make, and in either case is almost usually crap. That's why TV is full of nothing but reality TV - it's cheap.
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