I have friends who work in CEX, a British used game shop. If this bullshit becomes industry standard (which, considering the pro-corporate slant in this thread, would be largely welcomed by most of GAF), they'll all be looking for new jobs within a year.
Just remember that it's not just devs' jobs at stake here. Or are you all saying that one person's job is more worthy than another? That a CEX or Gamestop worker doesn't deserve to be able to pay their bills as much as a member of a development team or publisher, who had already been paid for their work before the games they made even shipped?
Plus, the main point of all this: no matter what, the developers and publishers, once paid, have no right to profit from the legal resale of what is now not their property. I know that online passes are like CD keys, but trying to destroy the second-hand games market just because you don't see (and have no legal right to) any further income from second-hand sales? Immoral and ridiculous, IMO.
Since when have the denizens of the Internet been so eager to give away their consumer rights to massive corporations?