Considering it imposes restrictions and no real rights, I don't see the need to expand the acronym. "Digital Restrictions Management" is equally applicable.
Well, the essential -tools- in question are that of encryption and key management. I have no problems with those so long as they're under the control of the user. DRM is deliberately outside the control of the user, whom the vendor sees as a hostile entity to be protected against.
Well, that's -your- opinion of a perfect DRM system. I'm sure the RIAA and MPAA's vision of a perfect DRM system is much more draconian and much, much more likely (since they can throw money at it.)
The deal here, of course, is that you have no real say in the matter. They will not push for the middle of the road system you described. And if you think they will, you have far, far too much trust in organizations whose sole goal is to earn money.
Man, I'm highly amused at all the pro-DRM arguments on a forum centered on a (mostly) open source phone OS.