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Before I start, I'm going to work within the premise that the DRM supporting reader is a closed architecture that relies on a single proprietary reader application. This application would support its own protected format, and some number of unprotected formats, preferably including an unprotected version of its own format.
If everything worked perfectly, and the device supported my preferred formats, I might well buy it, provided it was significantly less expensive than the other device. Part of my reasoning for this is that I am taking more of a risk with this device than the other. First, there is likely to be a performance overhead for the DRM functionality. Second, as we've seen with Mobipocket recently, there can be issues with DRM servers. Another issue is that there's no guarantee it would continue supporting the other formats, and with a closed architecture a third-party application may not be available should the company reconsider support for a given file type.
I'm more concerned about DRM-restricted content than DRM capable hardware, but all else being equal I would be more likely to go for the non-DRM hardware.
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