If you look at the history of PC games, there were other DRM measures before (SecuROM, SafeDisc, StarForce, etc). Eventually, they were all reverse engineered. I don't think this one will be any different.
I also don't believe that piracy makes that much of a difference.
If the industry could only convince pirates to wait 30 days or 7 days after a release, and see what impact it has.