i personally think a game that i spent real money on should not have any damn protection, even going as far as not needing to flip discs every time i wanted to play the game. i find that by the time i hunt down a particular cd and get it in the drive and after waiting for spinup, im either out of free time or not in the mood to play anymore. i have a god damn terabyte of storage in this thing. i dont see why we have to keep using slow ass dvd drives every time i want to run a piece of software. this is why hard drives were invented. if an expensive program such as photoshop can be ran without the disc, i dont see why some piece of software which has no real purpose needs too. its rediculous that they should waste my time, as if they think im some teenage punk who's time is as worthless as they are, so that some corprate exec dicks can have a false security blanket. its just the ultimate lame. i seldom pirate games, i respect the skill of their developers, but i have no qualms against using nocd cracks, virtualization, or any other means to render disc flipping an obsolete thing of the past. 
You're heavily missing the point here. Making the CD necessary is in no way a false security blanket, it's actually an extremely effective one.
Consider the number of people who would prefer not to pay for games, but don't know much about the torrent scene, I'd wager there is a significant amount. If you remove all CD protection, these people are going to realise that it is extremely simple to buy a game and either take it back to the store and claim it's faulty, or sell it on to someone else. Of course, it's possible to play without the CD already, but a substantial chunk of your customer base won't be willing to do it through ignorance or fear of viruses.
Further, I question why it bothers you if you don't mind using CD cracks.