I don't disagree with you at all, my problem is people complain about this kind of stuff but they're generally not willing to put their money where their mouth is.
The stuff Dolby does costs money to do, they've chosen to charge businesses directly as their model. I'm all for open standards, but unfortunately a lot of the time doing that means that the folks who build the specs and the software don't get paid. This is
a topic of some discussion in the open source community right now, but it's always been a problem.
All that said, if I was running Dolby, I would probably make their licensing more friendly to smaller businesses. They're no doubt losing some revenue because of how difficult they are to work with. But considering their near-monopoly status in Film/TV and accelerating growth in music, it's hard to argue that they've made the *wrong business choices* in general.
Are those business choices bad for consumers? Certainly, but until we figure out how to do a better job of funding open source there's not a lot of great business model choices for R&D/spec companies like Dolby.