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To help prevent widespread piracy, I think it should be possible to purchase an electronic version of any book you buy at a greatly discounted rate or just to buy a non DRM electronic book for cost that is a little lower than hard or paper back costs. I think you would see the piracy because people want electronic versions of the books they purchase without having to pay for the same book twice and at a higher cost. Even movies come with an electronic version for a few dollars more, granted even those are DRM'd, which limits which devices can play them.
Have it so that when the book is purchased it is encoded and encrypted with your personal information, such as using the name from the purchasing credit card, so that if you distribute it illegaly, then it will be easily identified to the original owner. Also, embedded within the book, would be a set number of times you can generate a time limited version of your ebook via some installed software, so you can loan it to a friend for something like 30 days. I like this idea so I can loan books out so my friends don't mess up the spine of my paperback books trying to fold the pages around. Unlike MP3s, people won't be reading the same book all the time like they listen to the same music, so it's a bit different in how they function. People who read like to read wherever they are and whenever they want and with DRM, they would potentially be limited by device and duration of ownership which would definitely discourage some people to go the ebook route.
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