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Since the vast majority of the costs of a physical book are avoided by an eBook, there is no excuse whatsoever for the price of an eBook to be even close to the price of the physical book.
If the physical price is $16, the eBook should be no more than $8 (IMHO).
Now, when I buy a book, some of the value of that book is that I can resell that book to someone else when I'm done (or give it to a friend, donate it to the used book sale at the library, etc.) If the book has DRM, that value is eliminated. Plus my rights of fair use are violated and should I change reader, I would probably no longer be able to read the eBook anymore.
So the value of that DRMed eBook falls to less than $1.
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