Dean - in reply to several of your quotes here...
I agree 100% that Waves is well within their rights to use whatever copy protection or anti-piracy methods they choose within the limits of the law. In fact, Waves is perfectly within their rights to make any number of business blunders and marketing snafus.
Several years ago
I broke the story on Waves' absurd anti-piracy paranoia and ridiculous use of bizarre and (IMHO) unethical copy-protection schemes. At that time, Waves software was more virus than application. I'll tell you from personal experience with that company that they were absolutely unable after several months to get me a version of their software that didn't wreck my test machines. This story was more than a single incident: Waves copy protection problems date back at least to 1998.
I think Waves makes great software, but their copy-protection has long been over-the-top, and, IMHO, dangerous for any professional studio to employ. Based on their history, I cannot trust them to produce software that won't completely run my recording rig into the ground. I would never recommend that a professional studio install their software, if only due to the risk that the copy protection will glitch and lock up the computer at a critical time.
I know many people who have great experience with their software and never hit problems with their copy protection. However, in professional circles, the mantra has long been "buy the software, but use the crack" because historically, the cracked Waves software is more reliable than the retail version.
I am relatively sure that Waves spends an inordinate percentage of its annual expenditures on anti-piracy efforts. As a paying customer, I personally frown upon their use of my money that way, because it represents clearly misplaced priorities and, in the end, does not benefit me, their customer, in the least. Curiously, many other competitive companies (ie Cakewalk) are able to thrive with only minimal copy protection.
I for one will continue to scold Waves for their continued misuse of copy protection and other anti-piracy schemes.