When you think it through, it does seem dystopian. Imagine that e-ink matures, and paper isn't that useful any more. That we no longer purchase dead-tree copies of our books, magazines, and so on. I think that can happen. I read right now a novel on my electronic reader, even though I have a dead-tree copy, because my reader is lighter and slimmer than my book.
Now, how do I lend you a book for which I have no dead-tree copy? I can't give you such a piece of dead-tree (and naturally lose it for myself). All I can do is make a copy and give it to you. And then I'm a publisher. And then what I'm doing is forbidden. And then I can't even lend you my book.
(One could imagine laws/DRM that would erase the copy I own if I ever give another copy to someone else. However, I don't think the IP Lords would want even that. They'd say it harms their revenue.)
But that's not dystopian enough. True dystopia is when the means of enforcing it kick in: the only know way right now is a "total surveillance" regime, where free software itself is forbidden.