There is a large difference between the rights of society to well-being and the rights of a private company to profit. Emissions-regulating devices are a requirement because removing them will physically harm other people, in a measurable way, over the long-term. Removing the anti-piracy features from your console harms no one real person—that a corporation loses profit is simply a reason for its employees to seek employment in a different company, presumably one that is not relying on such volatile externalities; it is not a reason for laws to be passed.

For an example that is almost equivalent in every way: cheating at casinos is completely legal. You are "harming" a company, and they really don't like it (and they'll show it, too) but it's not illegal. Console companies simply find it a lot harder to kick people out of their "casinos" when the house advantage falters.