Uh, not so... Billy-Boy Clinton got us into those treaties and his good ol' DMCA has us in the current situation, where you have to purchase a second copy if you want to use something on a different device.
For example, the lawyers are already going after those who don't buy a second copy of a DVD they already bought, if they want to have an iPod version.
True, but that only applies to media with DRM on it. Most CD’s (except for a select few sold between 2002-2005, when the Sony scandal ended their distribution) are sold without DRM, so this matter is moot. Also, the chances of the MPAA busting down your door because you ripped a DVD (the act of ripping it is NOT illegal in an of itself, but the act of removing the DRM is).