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Looking at another side of the issue: I think it's unethical for businesses to use restrictive formats to try to bind their customers to their ecosystem.
Ethically, all publishers and booksellers should make all books available in the most widely used formats, and all ereaders should be able to read books in at least one widely used open format (right now, that means epub).
I'd support a law which made this a requirement for ebooks published with DRM, and a requirement for ereaders having more than some specified marked share. (I'd allow small ereader manufacturers trying out different things, to allow for innovation, and I'd allow DRM-less publishers to use fewer formats, since they aren't actively trying to prevent customers from converting books themselves.)
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