Didn't install the purchased copy of Bioshock for exactly the same reason.
Here's what I do: buy a game, download the cracked version, install cracked version, play DRM free. As far as I am concerned, that's legal. I legally purchased the game, the developers, etc. got their money, and I get to play without having to install crapware like SecuROM - nor do I have to constantly shove the disc into the drive in order to play the game.
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