what DRM content do I actually need from LG? Probably none.
Not sure why you think it's about that - it's not.
Media providers - especially streaming media suppliers - require DRM protection in order to maintain supply licenses with Hollywood (as a major example).
One way to do that is purely through a software exchange of permissions between you and them.
That was proven to be a failure years ago but that's how it's still done on Windows and Macs.
For Android, that problem was solved 4 years ago -
http://pocketnow.com/android/qualcomm-snapdragon-based-androids-first-to-get-netflix
DRM got baked in the main processor and has been ever since.
The phone or tablet manufacturer has to turn it on in their firmware and then embed the appropriate DRM security keys in their firmware.
That's what it takes to complete a DRM circuit between you and Netflix or any other media provider using the standard model.
LG's passive statement about "DRM protection becoming untrusted," followed by the warning that streaming media is likely to break says - to me - that as a disincentive to rooters and to keep themselves out of some liability that the lawyers dreamed up - that they intend to disable the DRM circuit.
If true - and that's exactly how their wording reads - you can kiss Netflix and anything like it goodbye.
There's nothing about content from LG in the equation.
With the Sony, you'd lose the cool camera stuff. Lock it back up and the DRM circuit for the camera was restored and you were back in business.
LG on the other hand is warning that here, the operation is permanent and cannot be reversed.
Given that the LG bootloader has never been unlocked by the dev community, I think that it would be the acme of folly to expect rooting to somehow fix this.
We'll see.