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Yes, you don't own the copyright. You do own the physical disk, and you also have a right to backup a personal copy.
It's not a sticking point, it's a feature. Take care of your shit just like all your other shit. No one says it's a sticking point to say that a kettle you buy could break, that's just normal part of ownership of a thing.
Feature, sticking point, call it what you want. I’m just saying there’s nuance to it.