> Yes, that's absolutely what it is. As a society, we seem to believe that information can be owned
Two wrongs (information cannot be "owned" in the same sense of a physical thing, regardless of how much one wants to be believe it; and that DRM can be effective) do not make one right. Note that I'm not discussing values here - just pure technical issues.
Here's the two problems of DRM in a nutshell, that make it into snake oil.
1. The "owner" of the content wants to make said content available to person X, but not to person X's recording device, which is indistinguishable from X.
2. It is enough for said content to be freed from DRM once, to become universally free of DRM.
No matter how smart your protocols, cryptography etc is, because (1) if you can display it on a screen, and take a picture of said screen, with a high resolution capture device, you've defeated DRM. And then because of (2) the DRM scheme, regardless of its other merits, becomes ineffective.
That's why DRM cannot be done right, even if you assume it's the right thing to do. (which I don't)