Re: What's wrong with it?
> 1. You have to pay for the content. There is a ton of free content on the Internet, I have never seen any need to go to pay per view sites.
Therefore you don't have to pay for content - no-one is forcing you to watch DRM'd content
> 2. You can only watch it on one computer. But I downloaded it on this computer and now I want to watch it on another one - not happening. Get your credit card out and pay for it again.
That depends entirely on the content owner and the way the content is licensed. You may be able to run it on multiple computers, but not simultaneously, or any number of computers on the same subnet, or.... the permutations are many. It's up to you to decide whether you like it or not. I don't like the DRM on iTunes movies, so never purchase from there. I'm fine with the DRM on Steam.
> 3. I downloaded this before my computer crashed. I rebuilt it, but now I can't play it. That's because the secret key is gone. Easily fixed, pay for it again.
Again, you're making assumptions about the way that DRM is implemented.
> 4. I saved it when I watched it last week and now it won't play. That's because it is time-bombed. Pay for it again.
Again, you're making assumptions about the way that DRM is implemented. This one is likely, but seriously - you have the choice not to buy it.