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I voted "Other". As Asawi above, I think DRM has a place for library books - although considering how easy it is to remove, I wouldn't say it's needed "for protection" but just to enable the whole loaning mechanism. I assume at least that it's the DRM that enables a library loan to expire and the book to be "returned" automatically.
For purchased books, though... for now it's "only" an irritation (and I don't buy from iBookstore) which always I remove at the earliest opportunity, but in principle, I dislike it strongly as something that won't stop piracy but inconveniences honest readers.
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