The Kindle is already able to read more than just Amazon DRMed content, it can handle a number of formats.
Think about waiting somewhere in the middle of the day, or perhaps in an airport while you're traveling, and having immediate access to 100,000 books and hundreds of newspapers and periodicals from this pad in your hand.
Hacker Igor Skochinsky used DRM to load Mobipocket books onto his Kindle. Using a series of scripts, he's able to convert eBook files to Amazon's AZW format and then add the necessary serial number DRM, specialized per an individual's particular Kindle.
DRM refers to the fact that you can't view Amazon Kindle books on other devices (including your computer), or on other Kindles - i.e. no sharing, the purpose of DRM.
A revolutionary portable reader that wirelessly downloads books, newspapers, magazines and blogs to a crisp, high-resolution electronic paper display that looks and reads like real paper, even in bright sunlight.