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I am of 2 minds about DRM, which is why I prefer a social DRM if there has to be DRM.
I currently own a Sony 505 (with which I am very happy). But I don't know what I will own next year. DRM as currently constituted makes me a captive of Sony (for Sony DRMed books) unless I am willing to simply consider any money I spent at the Sony bookstore to be a charitable contribution to Sony.
As a general rule, a printed book will last hundreds of years if cared for minimally. Alas, I have yet to come across an electronic device that hasn't been deliberately preserved that is still functional 25 years after its purchase. Usually the device has been replaced several times over, perhaps because it has broken or because it is no longer capable of handling today's generation of files/media. The printed book today is the same as the printed book of 100 years ago; the Sony 505 is not the same as the Sony 500 of just 2 years ago.
So there has to be a tradeoff. If DRMed books cost less than $3, I think many of us would say, fine, keep the restrictive DRM because if I really want a copy of Foghorn Leghorn's biography on my new device, I'll spend another $3. But when DRMed books cost $10+, the restrictions become onerous; how many times are you willing to spend $10+ to replace a book you have already bought simply because your current device is now defunct?
If the real reason for DRM is to avert piracy, it really only works against the honest person. The dishonest person will crack the DRM or scan the book, as we have seen. And for the technology-challenged dishonest person as well as the honest person who wants to share a purchase with their spouse, doesn't social DRM fit the bill? How many people would post a file on the Internet if the file displayed their name, address, and telephone number (which information is readily obtained from the purchase information when you supply your credit card information)?
Of course, there is one missing bit of information: How well has the Baen model worked in terms of sales vs. piracy? Seems to me that this would be important information to have in resolving the problem of draconian DRM vs. social DRM vs. no DRM.
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