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Originally Posted by DNSB
More than slightly incorrect. As in @JSWolf's comment, the DRM used with Microsoft's .lit format required a connection to the server every time a DRMmed book was opened so once the servers shut down, your books were no longer readable. There are still existing reading applications where every time the book is opened, it needs a connection to the DRM server to allow reading. Other applications do not download the book for offline reading, you need a live internet connection.
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I don't use that - so it doesn't matter to me.
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As for being responsible for my device, are we to assume that you have never had any issues with electronic components failing on any device you have owned.
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Yes, devices failed for me too, but I always had the right replacement ready to go.