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What about this idea (I guess a lot of people already doing it like this?): You just buy your DRM stuff (e.g. DRM-PDFs) and display it on the computer-screen, then you just need an automated "screen-capture" program which presses the next-page button, capture part of the screen, presses the next-page button, ... at the end you have many pictures which you could then convert into a pdf consisting of those images, of course you don't have the real text, but it should be readable on the iLiad with no problems?
I guess developing such an application, to do all this would not be that difficult? (except e.g. Adobe prevents to make screenshots of it's DRM content..., like on many DVD player...)
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