I really think allowing this to happen in the first place is just like opening the Pandora box. You give these guys an inch, they never stop demanding for more censorship.
Building a browser that ignores EME would be functionally equivalent to building a browser that can't use Flash.
Seriously though, everyone should go just read the spec. Or at the least, take a looksee at this: https://dvcs.w3.org/hg/html-media/raw-file/tip/encrypted-med...
Which is why you have TPM and the various Microsoft/Apple/Google DRM schemes: Hollywood wants to lock down the full stack, and they're getting there one piece at the time.
For TPM, their enabler was Microsoft and their desire to lock down the boot process to enforce licensing. For this spec, it's Google and Netflix because they think it's the only way their media services will survive in the long run.
Insert here smart quote about expert frog-boiling.
Edit: How can it be DRM if the algorithms/formats/protocols are open? Or aren't they open?
They're not. IIRC, the only open parts are the hooks the actual DRM plugin (but we're not calling it a plugin!) will utilize.