I'm a newbee too. Have not received my Kindle yet. Am trying to learn about the DRM (which I really didn't know about, when I ordered my Kindle).
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If you just bought a Kindle (like I did) for the Amazon store and free public domain books from places like Feedbooks, then no you have nothing to worry about.
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So... as I understand it... I can download an ebook from some web site (like Baen Free Library, as an example) to my computer, and read it without any trouble on my Kindle (when it arrives). BUT... I can not go to a library web site, and check out an ebook, download it to my computer and read it on my Kindle. I really don't understand the difference!
I don't have a Kindle to try. So I'm kind of bind yet. Plus, I'm just now stepping into the world of ebooks. (A BIG world that I didn't even know existed, till I developed a yearn to buy a Kindle.)
If I can not download and read from sites other than Amazon, I AM upset!
Guess I will just keep reading forums here, learn what I can, and wait till my Kindle arrives.