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Don't forget that stripping DRM from books you own is generally thought to be illegal in the US and many other places. Stripping DRM from lending library ebooks is if anything even more dubious. Even if you delete the ebook after the lending period this probably isn't the same thing legally as leaving the DRM in place.
My own opinion is that the only legitimate purpose of DRM is to "prevent" widespread piracy. It does not even do this, but by this standard stripping DRM from ebooks (including lending library ebooks) for personal use is harmless. In the case of lending library ebooks, you are borrowing ebooks more than if the DRM remained intact and so there might be more library ebooks sold.
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