Acording to this
Law it is illegal and with my luck, if I do remove the DRM from the stuff, it will come back to bite me in the ass. Does anyone know if I did remove the DRM using some sort of software, and when it's all said and done, will iTunes "phone home" to apple saying, hey! this guy removed the DRM from his music, shut this fucker down!
Anyway, I'm not to worried about it as Apple is good about refunding people money(and giving me free stuff), so when in the event when Apple decides to shut the store down and my music dosen't play anymore I'll make pretty convincing case and get over 1,000 dollars back.