Why Microsoft should get out of DRM

I gave a talk at Microsoft Research today on why Microsoft should get out of the DRM business and what they could do instead. Here's the text of it:

Here's what I'm here to convince you of:

1. That DRM systems don't work

2. That DRM systems are bad for society

3. That DRM systems are bad for business

4. That DRM systems are bad for artists

5. That DRM is a bad business-move for MSFT

It's a big brief, this talk. Microsoft has sunk a lot of capital
into DRM systems, and spent a lot of time sending folks like
Martha and Brian and Peter around to various smoke-filled rooms
to make sure that Microsoft DRM finds a hospitable home in the
future world. Companies like Microsoft steer like old Buicks, and
this issue has a lot of forward momentum that will be hard to
soak up without driving the engine block back into the driver's
compartment. At best I think that Microsoft might convert some of
that momentum on DRM into angular momentum, and in so doing, save
all our asses.

Link

Update: Anil has created a pretty html version, and Trevor's created a purple version