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I have read most of the posts in this thread and this is what I think.
1.You should be able to loan your e-book(s) up to 10 times through the store you bought the e-book(s) through to anybody you want to for 21 days, renewable once.You do not have access to the book during that time.
2.Have up to five people in you family share program who can share there purchases.This includes having a copy of the book available to everybody at the same time. Be able to change out the people in the program 5 times and then it is permanent.
3.No DRM at all, just watermarking of the book to track it back to the purchaser if it is shared online.
4.Format shifting being legal for you own personal use.You must do the format shifting yourself of course.
5.Strict legal sanctions including fines and or jail time for anybody knowingly sharing copyright materials online.
This is my idea of a fair use license for e-books and I would pay more for the book if this was the case.
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