I agree with you, but have to laugh at your labeling of the iTunes DRM terms as "draconian". iTunes represented the first case of DRM I can think of whose terms were so fair that most consumers never even knew they existed. 5 computers? Unlimited devices? Unlimited burning (as long as you weren't burning the exact same playlist over and over)?!

I think we're all better off without DRM, but the iTunes model was the next best thing to no DRM at all. Hardly "draconian".