I am a huge BioShock Fanboy, I had BioShock 2 pre-ordered from Steam but over the past 2 weeks 2K has done everything in their power to convince me to cancel that pre-order, and it has succeeded.
Strike 1: SecuRom still present on Digital Distribution Copies.
Strike 2: SecuRom Machine Limits Switched for GFWL Activation Limits. Its still a limit.
Strike 3: 2K Elizabeth has been unable to answer if SecuRom Machine Activation Limits will be added into BioShock 2's DLC, just like 2K did for Borderlands.
Strike 4: Less worried about, but no dedicated server for Multiplayer.
I plan on picking up BioShock 2 when its on sale for $20. Until then, I may rent it and a 360 from our local video store or something.