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I don't like to rent anything, so I wouldn't be a big fan. So far even the most esoteric book I've ever needed was available via an inter-library loan. I'd be worried that publishers would see this as a way to monetize books with a low audience and eliminate paper copies (that they sell once) in favor of a continuing revenue stream.
In related news, I suspect some tweaking has been going on. I've bought (bought, as in "paid for") several books recently and even after conversion was reported as successful two books were so full of errors that Calibre wouldn't open them. It's an inconvenience.
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