Let me answer your question with another one (mostly because I don't have a really good answer for yours):
Is it the current state of things that you disagree with, or the potential that it could get worse if the record companies have their way?
In regards to the current setup, I have a hard time finding anything to complain about, unless you want to argue (as you have) price, but that's not a "fair use" issue.
For example, I can buy a CD and then rip it to my computer and subsequently add it to my iPod, my daughter's iPod or my other daughter's MP3 player with no problems, right?
If I buy a song from iTunes, I can download it on (last I checked) 5 devices, and/or burn it onto a CD.
I'm trying to understand what's wrong with that from a fair use perspective. If you want to discuss price, that's fine, but it's a different argument.