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For me, DRM is a big issue. I still have the first record I ever bought (Mike Oldfield's Tubular Bells) I have books I bought 20+ years ago that I still read. I bought them not as a momentary gratification, but as a long term item to keep for as long as I choose.
DRM is in my opinion, one of the biggest threats to the future of e-books. If I get three or four years out of my current reader, I'll be happy. I don't expect it to last forever. But I expect to get a lifetime's use from my e-books. If that particular DRM is not available when it comes time to buy my next reader, I'd be stuck with a bunch of useless files. Which is why I currently have all free books that I can convert to txt and later convert to whatever I like.
At some stage, I might buy a DRM encumbered book, but only if I can't find a paper version. Which is kind of unlikely given the range of books I can get from Amazon and the like. But give me access to DRM free ebooks, and I'll never buy a paper book again.
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