You are still upholding the basic ideal which you hold - one copy for each installation you have - you're just maintaining some value in those other two boxes.

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To follow the absolute letter of the law, though: don't EULAs typically come into force only with the breaking of the seal rather than ownership of the sealed box?

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If the qualification for enforcement is merely stated as "breaking of the seal" (where seal is the shrinkwrap), then you could tear off a tiny piece of the shrinkwrap on the bottom of the box and then argue that you have broken the seal.

It comes down to what Scott is trying to achieve - a general respect for copyrights, or a strict interpretation and self-enforcement of the EULA. The former I can understand and respect, the latter I find to be tedious and unrewarding.