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I'm sorry Nate, I don't understand what the issue is. If you go to Fictionwise and buy a book with MobiPocket DRM, say, then the site clearly tells you before you buy it that you will only be able to read the book on certain specified devices, and that you won't be able to print it. Those are restrictions imposed by the DRM mechanism, and you are buying the eBook with the full knowledge of what those restrictions are.
We seem to be talking semantics - you can call those restrictions a "licence" if you wish. Whatever you want to call them, the restrictions on your use of that file are certainly legal; you are being told about them before you make the purchase, and are agreeing to the terms of the sale by buying that eBook with those restrictions.
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