I see, I may have separated those two subjects a bit too much. The TPM is two things:
evil, and
bloated. This post focused on the "bloated" part, with only the slightest recognition of the evil at the very end of my post. I understand it therefore looks like I'm approving the evils of the TPM.
The evil part would need its own post, but frankly, other people have addressed this part much better than I ever could. Cory Doctorow's talk on The Coming War on General Computation is as relevant as ever.
Even then, TPM-like hardware can still be useful to me as a user, even if my computer is 100% Free Software. It is a shame though that its main use is stripping me of my freedoms instead.