Nope, the main reason being to stop people from copying music from one library to another and satisfy the record labels.
Home: 2006.5 iMac 20"
Me: 2010 MacBook Pro 13", iPad Mini Wifi 32GB Black, iPhone 4 16GB Black
Wife: 2011 MacBook Air 11.6", iPhone 4 16GB White
Are you backed up??? If so, why? Psyllium Fibre is not free but will do wonders!