Yes, but most of us hate it by virtue of the DMCA saying we can't work around it, and the fact that we can't make backups of the things we buy. Personally, I'd be a good natured developer and avoid such things like the plague. All of them can be circumvented if you try hard enough anyway, and so all you'd really be doiing is making it hard to copy for most people but no harder for the seasoned eyepatched pegleggers.
You're basically looking at cd copy protection software such as starwind etc. I don't know if any such software is available to end users though.