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"There really isn't any way to have a second-hand market for electronic media."
Whoever controls the DRM could do so, I think. You might be able to keep the book for yourself if they can't scan the reader, but they could require you to agree to delete the book and you'd be breaking the law to not do so.
If the law and/or ethics isn't the constraint here, there is no constraint. Most DRM can be circumvented, after all.
It won't happen, though. Its easier and more profitable for them to extend the oppressiveness of the current copyright/DRM/DMCA system and take away our right of resale.
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